IAMGOLD today reports that the Company has completed its previously announced acquisition of all of the issued and outstanding common shares of Merrex Gold not already owned by IAMGOLD and all of the outstanding common share purchase warrants of Merrex by way of a court-approved plan of arrangement under the Business Corporations Act. As a result [...]
HALIFAX, Feb. 28, 2017 /CNW/ - Merrex Gold Inc. ("Merrex" or the "Company") (TSX Venture: MXI) is pleased to announce that is has completed its previously announced transaction involving IAMGold Corp. ("IAMGOLD") whereby IAMGOLD has acquired of all of the outstanding securities of Merrex pursuant to a statutory plan of arrangement (the [...]
Merrex Gold is pleased to announce that the British Columbia Supreme Court issued a final order today approving the proposed acquisition of all of the outstanding securities of Merrex by IAMGold pursuant to a statutory plan of arrangement. The Arrangement was also overwhelmingly approved at a special meeting of Merrex Securityholders held on [...]
Merrex Gold is pleased to announce that Institutional Shareholder Services, a leading independent proxy advisory firm which provides voting recommendations to institutional investors, has recommended that shareholders of Merrex vote FOR the resolution to approve the acquisition of Merrex by IAMGold at the upcoming Merrex Special Meeting of [...]
IAMGold today reports that the Company has signed a definitive agreement with Merrex Gold to acquire, in an all-share transaction, all of the issued and outstanding shares of Merrex not already owned by IAMGOLD. Merrex is a junior mineral exploration company of which IAMGOLD currently owns approximately 45.8 million or 23% of Merrex's issued and [...]
Greg Isenor, President and CEO of Merrex Gold or is pleased to provide shareholders with the following update: C$4,000,000 Convertible Loan Facility Further to the Company's news release of August 24, 2016, the Company and the lender have agreed to amend certain terms of the C$4,000,000 convertible loan facility. Rather than the entire loan [...]
Greg Isenor, President and CEO of Merrex Gold announces: Highlights -19 holes totaling 6,414 metres completed -All completed drill holes intersected gold mineralization -Hole 185 - 19 metres of 9.28g/t Au -Hole 189 - 18 metres of 6.73g/t Au -Hole 179 - 38 Metres of 2.37g/t Au -Mineralization extended along strike and down dip The 2016 Diamond [...]
Greg Isenor, President and CEO of Merrex Gold announces: Convertible Loan Facility The Company has reached an agreement on the commercial terms for a C$4,000,000 convertible loan facility. The loan proceeds will be available forthwith upon completion of legal documentation and due on April 28, 2018. The loan will bear interest at 9% per annum. The [...]
Greg Isenor, President and CEO of Merrex Gold announces: 2016 Drill Program Update The 2016 drill program had three objectives. The first objective was to further evaluate the geological model and controls on gold mineralization within the current Diakha resource area using core drilling. The DD component of the 2016 program was specifically [...]
Merrex Gold announces. Highlights: 41 holes totaling 6,623 metres completed -Over 80% of drill holes with significant mineralization -Hole 644 - 70 metres of 1.55g/t Au RC Drill Results During March and April, 2016 the Merrex-IAMGOLD joint venture completed 41 reverse circulation ("RC") drill holes totaling 6,623 metres within the northern [...]
Greg Isenor, President and CEO of Merrex Gold announces: Financial Advisory The Company has completed a financial advisory services engagement with Haywood Securities Ltd. and in consideration thereof has paid to Haywood Securities Ltd. $38,000 and, subject to the approval of the TSX Venture Exchange, will issue 190,000 share purchase warrants [...]
Greg Isenor, President and CEO of Merrex Gold announces: Final Tranche of Private Placement Closed Further to the Company's news releases of June 3, 8 and 9, 2016 the Company has closed the second and final tranche of the C$3,532,000 non-brokered unit private placement offering and issued a further 2,060,000 units for gross proceeds of C$412,000 [...]