TORONTO, ONTARIO–(Marketwired – March 2, 2017) – Brionor Resources Inc. (“Brionor” or the “Company”) (TSX VENTURE:BNR) is pleased to announce that it has entered into a Definitive Share Purchase Agreement (the “Agreement”) dated March 1st, 2017 with Atala Resources Corporation (“Atala”), a private Ontario mining exploration company that holds a portfolio of exploration properties in Santa Cruz Province Argentina, and the shareholders of Atala (the “Atala Shareholders”); whereby Brionor proposes to acquire (the “Acquisition”) all of the issued and outstanding shares of Atala (each an “Atala Share”) for an aggregate purchase price of $300,000 (the “Purchase Price”) payable by the issuance of common shares of Brionor (each a “Brionor Share”) at a deemed price of $0.05 per Brionor Share. Under the Agreement, each Atala Shareholder shall receive 0.4382 of a Brionor Share for each Atala Share held, for a total of 6,000,000 Brionor Shares.
