Canasil Resources Inc V.CLZ.H

Alternate Symbol(s): CNSUF

Metals & Mining Industrial Metals & Minerals

Canasil Resources Inc. is a Canadian mineral exploration company with a portfolio of silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company's projects include La Esperanza, Salamandra, Sandra-Escobar, and other projects. The La Esperanza silver-zinc-lead project is located 100 kilometers (km) SSE of the city of Durango on the border between Durango and Zacatecas States. The Salamandra project is located 35 km north-east of the city of Durango in Durango State. The Sandra-Escobar project is located 200 km northwest of the city of Durango, Mexico. It has other claims located in Durango State, Mexico, which include the Colibri, Carina and Vizcaino projects. It also holds claims in British Columbia, Canada, which include the Brenda, Lil, Granite, and Vega projects. The Colibri project is located about 70 km SE of the city of Durango. The Carina project is located about 45 km NE of the City of Durango.

TSXV:CLZ.H - Post by User

Canasil Resources Inc

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Post by gubon Jul 19, 2018 11:46am

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Post# 28338845

So when is this going to happen?

Shareholders of Canasil will receive shares of Canmine in proportion to their shareholdings of Canasil, and Canasil will continue to hold its Mexican assets. The consideration for the transfer of the BC Properties will be based on the issuance of common shares of Canmine, the majority of which will be distributed to Canasil shareholders based on one share of Canmine for each two shares of Canasil held. Warrant holders and Option holders of Canasil will receive warrants or options of Canmine which are proportionate to, and commensurate with the terms of, their existing Canasil warrants or options.

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