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Article: Cronus Resources Ltd. Provides Update in Respect of Reverse Take-Over.
- Article from:
- Marketwire Canada
- Article date:
- November 11, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 11, 2009 (Marketwire via COMTEX) -- Cronus Resources Ltd. ("Cronus")(TSX VENTURE:CZR) is pleased to announce that further to its press release of October 9, 2009, Cronus has entered into a pre-amalgamation agreement with Continental Gold Limited ("Continental"), an arm's length Bermuda based gold exploration company with a portfolio of properties in Colombia, setting forth the terms on which Cronus and Continental will amalgamate in order to further develop the properties of Cronus and Continental.
Pursuant to the agreement shareholders of Continental will receive common shares in the capital of the amalgamated entity (the "Resulting ...