Plexmar Resources announced today that Plexmar shareholders have approved a statutory plan of arrangement with Dia Bras Exploration. The arrangement was approved by the affirmative vote of approximately 85% of the votes cast by Plexmar shareholders and a related continuance resolution received the affirmative vote of approximately 91% of the votes [...]
Plexmar Resources management and board of directors would like to remind shareholders that they have until Thursday October 25, 2012 to vote on the proposed Plan of Arrangement for the acquisition of Plexmar Resources by Dia Bras Exploration. The annual and special meeting to approve the Plan of Arrangement will be held at 10:00 a.m. on October 29 [...]
Plexmar announces that it has obtained, as of October 2, 2012, from the Autorite des marches financiers, the Ontario Securities Commission and the British Columbia Securities Commission a full revocation of the cease trade orders issued by these securities regulatory authorities. The revocation order was applied for by Plexmar following the [...]
Dia Bras and Plexmar are pleased to announce that the Ontario Superior Court of Justice has issued an interim order authorizing Plexmar to, among other things, call an annual and special meeting of its shareholders to consider, among other things, and, if deemed advisable, pass two special resolutions to approve a proposed plan of arrangement in [...]
Dia Bras and Plexmar are pleased to announce that Dia Bras and Plexmar have signed a definitive arrangement agreement with respect to the previously announced acquisition of Plexmar by Dia Bras. Pursuant to the Arrangement Agreement, Plexmar and Dia Bras have agreed to complete a statutory plan of arrangement in accordance with the Business [...]
Dia Bras and Plexmar, following renewed discussions are pleased to announce that Dia Bras and Plexmar have entered into a letter of intent pursuant to which Dia Bras will acquire all of the outstanding common shares of Plexmar at a price of $0.01 per common share, payable in cash, and all outstanding warrants and options to acquire common shares of [...]
Guy Bedard, President and CEO of Plexmar commented: We are disappointed with the outcome at such a strategic time. Plexmar management will explore other alternatives which could lead into the future development of its concessions in Peru. Guy Bedard, President and CEO of Plexmar commented: "We are disappointed with the outcome at such a strategic [...]
Dia Bras and Plexmar announce today that the Hans XX concession is no longer subject to the option granted by Plexmar to Dia Bras in connection with Dia Bras and Plexmar's previously announced letter of intent and plan of arrangement. As described in a press release issued on April 23, 2012, Plexmar granted Dia Bras the Concession Option providing [...]
Plexmar announces that it is late in filing the 2011 year end Audited Financial Statements and related Management Discussion & Analysis and the CEO and Corporate Controller certification of filings. The delay is caused by the time and efforts put into the recently announced plan of Arrangement and the negotiation of a credit facility of up to [...]
Dia Bras and Plexmar are pleased to announce that Dia Bras and Plexmar have entered into a letter of intent pursuant to which Dia Bras will acquire all of the outstanding common shares of Plexmar in exchange for common shares of Dia Bras by way of a statutory plan of arrangement. The Acquisition is subject to Dia Bras' completion of due diligence [...]
Plexmar wishes to report major breakthroughs in its effort to secure the surface rights to explore the Bolsa del Diablo project. It was unanimously decided that a formal community assembly be convened before the end of April to approve a surface rights access agreement allowing the Company to pursue its exploration program. This assembly will [...]
The Company wishes to inform its shareholders of recent changes to the Peruvian mining law. Starting on March 16th 2012, illegal mining is now defined as an offence punishable by imprisonment as per legislative decree no.1100. This illegal activity, which until last Friday was only an administrative offence in the country also includes the [...]
