Auryn Provides Exploration Update and Plans for 2017
- Published: 22 December 2016
- Written by Editor
HALIFAX, NOVA SCOTIA / December 22, 2016 - Greg Isenor, President and CEO of Merrex Gold Inc., (" Merrex " or the " Company ") (TSX Venture: MXI) today announces that the Company has signed a definitive agreement (the " Definitive Agreement ") with IAMGOLD Corporation ( " IAMGOLD ") pursuant to which IAMGOLD has agreed to acquire, in an all-share transaction, all of the issued and outstanding common shares (" Shares ") and common share purchase warrants (" Warrants ") of Merrex, not already owned by IAMGOLD (the " Arrangement "). Merrex's principal asset is the Diakha-Siribaya project in Mali in which Merrex and IAMGOLD each hold a 50% interest. IAMGOLD currently owns approximately 45.8 million or 23% of Merrex's issued and outstanding common shares.