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May 21, 2019
Alexandria Minerals Corporation to be Acquired by O3 Mining Inc.
Alexandria Minerals Corporation (“Alexandria”) has entered into a definitive arrangement agreement with Chantrell Ventures Corp. (the “Definitive Agreement”). The Definitive Agreement contemplates that all of the issued and outstanding common shares of Alexandria (the “Alexandria Arrangement”) will be acquired by O3 Mining Inc. ("O3 Mining”), the entity resulting from the completion of the acquisition of certain non-core assets of Osisko Mining Inc. by Chantrell, pursuant to a statutory plan of arrangement under the Canada Business Corporations Act.
Alexandria is a Toronto-based junior gold exploration and development company with a flagship property in Val d’Or, Quebec. Alexandria shareholders are expected to hold a special meeting in late June 2019 to authorize the Alexandria Arrangement. The Alexandria Arrangement is expected to close in late July 2019.
Aird & Berlis acted on behalf of Alexandria with a team composed of Jeffrey Merk, Tom Fenton and Nathan Gates (Capital Markets/M&A) and Francesco Gucciardo (Tax).