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Meridian Mining Announces Listing on TSX Venture Exchange
Meridian Mining Announces Listing on TSX Venture Exchange Meridian Mining Announce...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n\n\n\nMeridian Mining Announces Listing on TSX Venture Exchange\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMeridian Mining Announces Listing on TSX Venture Exchange\nCanada NewsWire\nAMSTERDAM, Nov. 28, 2016\n\n\n\n\n\n\nAMSTERDAM, Nov. 28, 2016 /CNW/ - Meridian Mining S.E. (TSX V: MNO) (\"Meridian \" or the \"Company\"), today announced the completion of its acquisition of Cancana Resources Corp. (\"Cancana\") and the listing of the common shares of Meridian on the TSX Venture Exchange.  Trading in Meridian's common shares will commence at market opening on November 28, 2016 under the symbol \"MNO\".\n\nEffective November 28, 2016 Meridian has completed the plan of arrangement (the \"Arrangement\") contemplated by the arrangement agreement dated September 30, 2016, between Cancana and the Company. Under the Arrangement 17,978,259 Meridian shares were issued to Cancana shareholders (at an exchange ratio of 0.40 Meridian common shares for one common share of Cancana). As a result, there are a total of 151,087,921 common shares outstanding, of which 133,109,662, or approximately 88%, are owned by Sentient Global Resources Fund IV, L.P.  \n\nPursuant to the Arrangement, ownership of the Brasil Manganês Corporation Mineração S.A. (\"BMC\") has been consolidated into a single public entity. The BMC manganese project is located in Rondônia, northern Brazil. Meridian is employing a two-pronged strategy at BMC, where the primary objective is to advance a manganese exploration initiative in parallel with pilot production of high grade manganese, while also expanding a multi-commodity regional exploration program.\n\n\"Concluding the Arrangement streamlines the ownership of the BMC project and creates a simpler capital structure for the continuing public company,\" said Mr. Anthony Julien, President and CEO of Meridian. \"Going forward, this better positions us to act on an array of pilot production and exploration initiatives for manganese, gold and tin in the prolific, but underexplored, region of Rondônia.\" \n\nMaterial transaction doc...