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BRIEF-Iberian Minerals enters into amalgamation agreement with Mineworx Technologies

Published 2015-11-17, 08:24 a/m
© Reuters.  BRIEF-Iberian Minerals enters into amalgamation agreement with Mineworx Technologies
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Nov 17 (Reuters) - Iberian Minerals Ltd IML.V :
* Enters into amalgamation agreement with mineworx technologies
* Mineworx shareholders will receive approximately 2.53646 common shares of
Iberian for every one mineworx common share
* Says following the closing, one nominee of Mineworx, Duane Nelson, will be
added to the board of directors of Iberian
* Upon completion, co expects to have about 243 million Iberian shares, of
which the former holders of mineworx will hold about 34.5%
* Entered into amalgamation deal under which co to acquire all outstanding
shares of mineworx by way of three-cornered amalgamation

* Source text for Eikon ID:nMKWGB5Gra

* Further company coverage IML.V

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