Asamera becomes private company

Shareholders of Asamera Minerals (TSE) recently voted in favor of a proposal to privatize the company effective Aug. 1.

Minority shareholders will receive $1.40 per common share under the terms of the offer.

After the privatization, Asamera Inc. (wholly owned by Gulf Canada Resources) will own 100% of the common shares of Asamera Minerals.

Asamera Minerals has a 51% interest in the producing Cannon gold mine in Washington state, and is also involved in a number of promising gold exploration projects in the Northwest Territories.