(MENAFN - GlobeNewsWire - Nasdaq) Mont-Royal, Feb. 19, 2021 (GLOBE NEWSWIRE) Montreal, Quebec, February 19, 2021 - Aya Gold & Silver Inc. (TSX: AYA) ( Aya or the Corporation ) is pleased to announce that, in the context of the Proposal made by Algold Resources Ltd. ( Algold ), it has entered into a binding term sheet (the Investment Agreement ) with Algold pursuant to which Aya would fund Algold s Proposal to its creditors ( the Proposal ) and at closing, would become the sole shareholder of Algold (the Transaction ).
Under the terms of the Investment Agreement, Aya will provide Algold with C$100,000 in cash and C$2,500,000 in Aya shares to fund Algold s Proposal. Aya will also provide C$2,400,000 in Aya shares to be distributed to Algold current shareholders with a view to become Algold s sole shareholder.
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Aya Gold & Silver Signs Binding Agreement to Acquire Algold Resources
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Western Sierra Resource Corporation Completes Definitive Agreement to Consolidate Assets, .
Western Sierra Resource CorporationFebruary 8, 2021 GMT
STEAMBOAT SPRINGS, Col., Feb. 08, 2021 (GLOBE NEWSWIRE) WESTERN SIERRA RESOURCE COPORATION (“WSRC” or the “Company”) (OTC: WSRC) is pleased to announce that it has signed the Definitive Agreement with Prescient Strategies Group LLC (“PSG”) and Global Hemp Group (CSE: GHG/OTC: GBHPF/FRANKFURT: GHG) for Global Hemp Group to acquire Western Sierra Resource Corporation’s (“WSRC”) Preferred A Class Share holdings (“WSRC Prefs”) from PSG in a private, third party transaction.
Australia: Strata-X Energy to merge with Real Energy to create Pure Hydrogen Corp
25 Jan 2021
Pure Hydrogen, the company to be formed by the merger of Strata-X Energy and Real Energy, is now scheduled to list on the ASX by the end of February 2021.
Pure Hydrogen is joint venturing with Liberty Hydrogen to set up four east coast Australia Hydrogen Manufacturing and Distribution Hubs.
The completion of the first Venus CSG Pilot project has been delayed for several weeks because the coil tubing unit needed for the pre-completion enhancement has itself been delayed at a Cooper Basin job.
Merger of
As announced previously, following strong support for the merger at the meeting of Real’s shareholders held on 11 December 2020 and the subsequent Court Hearing on 18 December 2020, some Conditions Precedent had not been met. Strata-X have convened a shareholders meeting on 5 February 2021 aimed at meeting the final Conditions Precedent. The final court approval for the merger has been