A publicly traded company, to be known as Antares Mining & Exploration, will be formed through the amalgamation of Goldpost Resources (TSE) and privately owned Antares Mining & Exploration.
Under the merger, Goldpost shareholders will receive about 5% of the new company and Antares shareholders will hold the balance.
Antares is completing a $5-million financing which is to close at the same time as the amalgamation. A meeting of Goldpost shareholders has been called for Aug. 27 to approve the merger.
Antares, an Ontario-based company, is developing gold properties in Zimbabwe, many of which are along strike from the holdings of Falconbridge Gold (TSE).
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