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Scottie to acquire AUX, merge Golden Triangle properties in BC April 12, 2021
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Scottie Resources (TSXV: SCOT) has entered into a letter of intent with
AUX Resources (TSXV: AUX) for a merger that would consolidate the two companies’ gold-silver holdings in the Stewart mining camp in B.C.’s Golden Triangle into a total of 522 sq. km. Scottie’s acquisition of AUX would expand its Cambria project, which is adjacent to
Ascot Resources’ (TSX: AOT) Red Mountain property, to 274.7 sq. km, from 150 sq. km, and also add grounds adjacent to
Pretium Resources’ (TSX: PVG) Brucejack.
Scottie would acquire all of the AUX shares outstanding by exchanging one share of Scottie for each AUX share. Upon completion, AUX holders would own approximately 31% of Scottie.
Scottie to acquire AUX, merge Golden Triangle properties in BC
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