GBM to merge with Canada’s WCB

February 15, 2017

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Gold developer GBM Resources has announced a merger with Canada’s WCB Resources, creating an Australasian focused gold development and exploration group.

Under the terms of the proposed merger, WCB shareholders would receive eight GBM shares for each of their WCB shares held, with the Canadian firm’s shareholders holding a combined 36% interest in the enlarged company, with GBM shareholders holding the balance.

Category: General