A new corporation, to be named Winchester Mining, is to be formed by the proposed amalgamation of Golden Terrace Resources (TSE) and privately owned Stan North Mining Corp. Terms of the agreement call for the issuance of two new shares for one Stan North share, and one new share for four Golden Terrace shares.
The amalgamation will require regulatory and shareholder approval. A date for a meeting to consider the proposal has not been finalized.
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