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BRIEF-Canada Strategic, Matamec Agree To Business Combination

Published 2018-04-26, 07:39 a/m
Updated 2018-04-26, 07:40 a/m
© Reuters.  BRIEF-Canada Strategic, Matamec Agree To Business Combination

April 26 (Reuters) - Sphinx Resources Ltd SFX.V :

* SPHINX RESOURCES LTD - CO, CANADA STRATEGIC METALS & MATAMEC EXPLORATIONS ANNOUNCE THAT CANADA STRATEGIC & MATAMEC AGREED TO A BUSINESS COMBINATION

* SPHINX RESOURCES LTD - BUSINESS COMBINATION IS TO CREATE NEW JAMES BAY-FOCUSED GOLD EXPLORATION COMPANY TO BE NAMED QUEBEC PRECIOUS METALS CORP

* SPHINX RESOURCES - IN CONNECTION WITH DEAL, GOLDCORP WILL ACQUIRE 14% INTEREST IN QPM UNDER SUBSCRIPTION AGREEMENT BETWEEN CANADA STRATEGIC & GOLDCORP

* SPHINX RESOURCES - ON OR ABOUT JUNE 18, GOLDCORP WILL SUBSCRIBE FOR 6.1 MILLION SUBSCRIPTION RECEIPTS OF CANADA STRATEGIC AT $0.61/SUBSCRIPTION RECEIPT

* SPHINX RESOURCES LTD - NORMAND CHAMPIGNY WILL BE APPOINTED CHIEF EXECUTIVE OFFICER OF QPM

* SPHINX RESOURCES - IN CONNECTION WITH DEAL, MATAMEC SHAREHOLDERS WILL RECEIVE 0.267697315 OF A SHARE OF CANADA STRATEGIC IN EXCHANGE FOR EACH MATAMEC SHARE

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