Brinco completes acquisition

With the tender of 97.4% of the outstanding shares of Western Canadian Mining, the company’s major shareholder, Consolidated Brinco (TSE), can proceed with its reorganization plan. Shareholders were offered one share of Brinco in return for 4.25 shares of Western Canadian.

The second stage of Brinco’s reorganization involves paying a stock dividend to shareholders, representing the company’s interest in Dorset Exploration (TSE). The company will pay out 1.4 shares of Dorset for each Brinco share held.