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Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.

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Balmoral Resources Ltd > Balmoral Jumps 9% On Mailing of Management Information

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Post by tickerhit on Apr 06, 2020 12:44pm

Balmoral Jumps 9% On Mailing of Management Information

Circular Related To Wallbridge's Planned Takeover

2020-04-06 10:37:40 AM ET (MT Newswires)

10:37 AM EDT, 04/06/2020 (MT Newswires) -- Balmoral Resources Ltd (BAR.TO) was at last look up 9.1% after it said Monday that it has mailed a management information circular related to a May 7 special meeting seeking shareholder approval for the planned takeover by Wallbridge Mining Co. Ltd. (WM.TO)

Wallbridge intends to acquire Balmoral through an exchange of 0.71 of a Wallbridge share for each Balmoral Share. The Balmoral board has unanimously approved the deal.

Balmoral encouraged securityholders to vote in advance of the meeting by proxy via internet, phone, fax or mail as personal appearance may be difficult due to the COVID-19 pandemic. The deadline for submission of proxies is on May 5 at 2:00 p.m. Pacific time.

Price: 0.36, Change: +0.03, Percent Change: +9.09

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