Aldridge Minerals shared recent developments on transaction that company involves. announced that all conditions to the acquisition of Aldridge have been satisfied and that the plan of arrangement involving Virtus Mining Ltd. and Virtus Mining Acquisition Corp. has closed on the terms agreed by both party. Virtus is a company that has been established with Metallurgium Investment Limited and Trafigura Ventures V B.V. as shareholders.
The transaction was completed by way of a court approved Arrangement under the Canada Business Corporations Act and Aldridge anticipates that common shares of the company will cease to be traded on the TSX Venture Exchange on or before December 27, 2018 and thereafter Aldridge will make application to cease to be a reporting issuer in all applicable jurisdictions of Canada.
