Subject to regulatory and shareholder approval, Morrison Minerals (TSE) plans to sell its shares in Aerodat Ltd., a private company in the airborne geophysical service industry, to Geonex Ltd.
Morrison will receive cash and 47,500 shares of Geonex (which trades over-the-counter in the U.S.) for a total consideration of $3.75 million. Geonex is a commercial supplier of digital maps and maps utilizing photo and image interpretation.
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