Coniagas group of companies merged

Four companies have amalgamated into a new corporation called QSR.

The companies involved are Quebec Sturgeon River Mines (TSE), The Coniagas Mines (TSE), Anglo Dominion Gold Exploration (TSE) and Garrison Creek Consolidated Mines (CDN).

Exchange ratios were: 18 QSR shares for 100 Anglo shares; 32 QSR shares for 100 Coniagas shares; seven QSR shares for 1,000 Garrison Creek shares; and 20 QSR shares for 100 Quebec Sturgeon shares.

Shares of QSR recently began trading on the Toronto Stock Exchange.