NEWS ROUNDUP — Birim acquires private Exroy

CDN-listed Birim Goldfields has taken over Exroy Resources, a private company.

The shareholders of Birim exchanged all their securities in the company for treasury common shares and warrants of Exroy.

In related moves, Exroy’s share capital has been consolidated on a 4-for-1 basis, Exroy’s name has been changed to Birim Goldfields, and former Exroy shareholders have been issued one Birim common share purchase warrant. It is expected that Birim shareholders will be sent a letter of transmittal to indicate their ownership of common shares and warrants in Birim. Meanwhile, Birim has completed an equity financing for $1.5 million. The funds will be used to identify, and conduct a due diligence review of, certain Ghanaian properties it may wish to acquire. Birim has also acquired all the shares of the Ghanaian subsidiary of Sikaman Gold Resources (TSE), which holds the Dunkwa concession.