Bruneau-Canamax deal

A private placement has been entered into by Bruneau Mining (ME) with its major shareholder, Canamax Resources (TSE), whereby Canamax will acquire 1.5 million treasury shares of Bruneau at 30 cents each.

The transaction, which is subject to regulatory approval, will increase Canamax’s holding in Bruneau to 43.3% from 37.1%.