Vior, Goldhurst pool resources

Two Quebec City-based juniors, Goldhurst Resources (VSE) and Societe d’exploration miniere Vior (ME), plan to merge.

Shareholders of Goldhurst would receive one common share of Vior for two common shares of Goldhurst.

Goldhurst’s main asset is working capital and short-term investments estimated at $500,000.

Vior’s interests include the Ligneris and Douay Northwest gold properties in Quebec, along with several other properties in the province.

Goldhurst has 6.4 million issued shares, 30% of which are held by Vior. When the transaction closes, Vior will issue 2.3 million shares from its share capital to the other shareholders of Goldhurst.

Shareholders of Goldhurst are expected to meet in late July to approve the merger.