Tusk Minerals tsk-ase of Calgary has entered into an agreement to make an offer to acquiree all of the shares of New Quebec Platinum, a Calgary-based mineral exploration company.
Under the terms of the offer, Tusk will issue one common share in exchange for each 1.5 shares of New Quebec, which has interests in mineral properties in Quebec on which primarily exploration work has been carried out.
The acquisition is subject to the approval of the shareholders of both companies and will require regulatory approval in accordance with policies applicable to junior capital corporations.
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