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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., May. 29, 7:59 AM

Slide #2. Midlands Minerals Corporation Alder Resources Ltd.

Acquirer: Midlands Minerals Corporation (MEX.CA)
Acquiree: Alder Resources Ltd. (ALR.CA)
Details: Midlands Minerals Corporation (TSX VENTURE:MEX)("Midlands") and Alder Resources Ltd. (TSX VENTURE:ALR) ("Alder") are pleased to announce that they have entered into a definitive agreement (the "Agreement"), whereby Midlands will acquire all of the outstanding shares of Alder pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"). The Arrangement provides that Midlands will be acquiring each outstanding Alder common share in exchange for 1.81 common shares of Midlands (on a pre-consolidation basis). Based on the 45 day volume weighted average price ("VWAP") of Midlands' common shares on the TSX Venture Exchange (the "TSXV") ending on May 26, 2015, the exchange ratio represents a premium of approximately 31.6% to the 45 day VWAP price of the Alder common shares. The total consideration to Alder shareholders is approximately C$1.3 million, based on Alder's current issued and outstanding shares (inclusive of certain debt settlement shares as more particularly described below) based on the 45 day VWAP price of Midlands shares.

Midlands Minerals is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties. Co. is engaged in the exploration of gold, precious metals and other resources in the continent of Africa (Tanzania and Ghana).

Open the MEX.CA Page at The Online Investor »

Midlands Minerals is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties. Co. is engaged in the exploration of gold, precious metals and other resources in the continent of Africa (Tanzania and Ghana).

Open the ALR.CA Page at The Online Investor »

Company Name:  Midlands Minerals Corp
Website:  www.midlandsminerals.com
Sector:  Precious Metals
Company Name:  Alder Resources Ltd
Website:  www.alderresources.ca
Sector:  Precious Metals
 

May 29, 2015    7:59 AM Eastern
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