Through various private agreements, CMP Resources (ME) plans to acquire three million shares of Plexus Resources (TSE) and become the single largest shareholder of Plexus with a 25.45% interest.
CMP reports that it acquired the shares for “investment purposes,” and may increase or decrease its holdings as circumstances warrant.
Several brokerage firms also plan to buy a further three million shares from purchasers who will be acquiring the shares from current holder, Total Energold. The two firms — Moss, Lawson & Co. and Canaccord Capital — are buying the shares on behalf of a number of individuals, none of whom will hold more than 10% of the outstanding shares of Plexus.
Closing is subject to various conditions and approvals. Arthur Ditto and David Rovig will remain directors of Plexus, to be joined by new board members, Ned Goodman, Robert Buchan, John Kearney, James Smith and H.J. Sujir.
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