EISS Super, TWUSUPER to explore merger
EISS Super, TWUSUPER to explore merger
The two industry funds are edging towards a consolidation, having now stepped into a period of due diligence.
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EISS Super and TWUSUPER have signed a memorandum of understanding (MoU) to commence a formal due diligence process. Both funds will be exploring whether the merger will be in the best interests of their members.
The potential amalgamation would create a $12 billion fund, with 130,000 members.
EISS Super chief executive Alexander Hutchison commented the fund will have an obligation to proceed with the merger if it determines it’s in members’ best interests.
Xplore Resources Corp.: Xplore Announces Closing of the Pringle Lake Property Option Agreement
Xplore Resources Corp. Xplore
or the Company ), announces today that it has received conditional approval from the TSX Venture Exchange (the TSX.V ) for the previously announced Pringle Lake transaction with 1544230 Ontario Inc. and Gravel Ridge Resources Inc. (together the Vendors ) to earn a 100% ownership interest in 78 contiguous cells (1,560 Ha) Pringle Lake Property ( Pringle Lake ) located in the Red Lake Mining Division, ON., Canada.
A Mining Option Agreement (the
Agreement ) was signed and announced on March 11, 2021 and the TSX.V provided conditional approval of the transaction on March 15, 2021. Final Approval from the TSX.V is conditional on the issuance of a closing press release outlining the Agreement.