The amalgamation of Adonos Resources (TSE) and Bellex Mining (VSE) has been approved by shareholders of both companies. The name of the amalgamated company, to be based in Vancouver, is ADEX Mining, and the new president is Gary Schellenberg.
Each Bellex share is exchangeable for one share of ADEX and each Adonos share is exchangeable for 4.33 shares of ADEX. It is expected that ADEX will be interlisted on both the TSE and VSE.
Assets of the new company will include a land position in the Lac de Gras diamond play in the Northwest Territories, a copper-gold prospect in the Philippines, rutile properties in Chile and interests in gold and base metal properties in North and South America.
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