Dia Bras Exploration Inc. (DIB.V: Quote) Wednesday announced a letter of intent pursuant, agreeing to acquire all the outstanding shares of Plexmar Resources Inc. (PLE.V) at a price of $0.01 per share, payable in cash.
All the outstanding warrants and options to acquire common shares of Plexmar will be canceled for no consideration by way of a statutory plan of arrangement.
The acquisition is subject to the execution of definitive agreements, approval by the Plexmar shareholders, regulatory and court approvals, and other customary closing conditions.
Click here to receive FREE breaking news email alerts for Dia Bras Exploration Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News