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SM Sierra Madre Gold and Silver Ltd

0.47
0.005 (1.08%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sierra Madre Gold and Silver Ltd TSXV:SM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 1.08% 0.47 0.42 0.485 0.48 0.465 0.465 30,015 21:12:18

Sendero and Halo Complete Business Combination

09/07/2013 2:31pm

Marketwired Canada


Sendero Mining Corp. (formerly QRS Capital Corp.) (TSX VENTURE:SM) ("Sendero")
and Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRLN) ("Halo") are pleased
to report that effective July 9, 2013, they have completed the business
combination by way of a plan of arrangement (the "Arrangement") as previously
announced in their press releases dated March 8, 2013 and May 21, 2013. Upon
completion of the Arrangement Halo became a wholly-owned subsidiary of Sendero.


Immediately prior to the completion of the Arrangement, QRS Capital Corp.
completed the name change to "Sendero Mining Corp." and consolidated its issued
and outstanding share capital into approximately 20 million common shares. Prior
to the completion of the Arrangement, 2,224,306 Sendero Shares held by Halo were
cancelled. 


Under the terms of the Arrangement, Sendero acquired all of the outstanding
common shares of Halo in exchange for approximately 20 million units of Sendero.
Each Sendero unit consists of one Sendero common share and one Sendero share
purchase warrant. Each Sendero warrant will entitle the holder to purchase one
Sendero common share for one year at a price of $0.40 per share, subject to
adjustment in certain circumstances.  


Trading in Halo shares has been halted and the shares of Halo will be delisted
from the TSX Venture Exchange.


ON BEHALF OF THE BOARDS OF DIRECTORS



Sendero Mining Corp. (formerly "QRS Capital Corp.")   Halo Resources Ltd.   
John Seaman                                           Marc Cernovitch       
Chairman & Chief Executive Officer                    Director              



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sendero Mining Corp.
John Seaman
Chairman and Chief Executive Officer
(807) 474-9898
jseaman@senderomining.com

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