TransactionsAvion Resources Completes Acquisition of Dynamite ResourcesPublished: 09/09/2009 By Alexandra Iliopoulos, Sean Maniaci, Christopher B. Norton, John P. Vettese, Nicole Washington On May 6, 2009, Avion Resources Corp. completed its acquisition of Dynamite Resources Ltd. whereby Avion has acquired, by way of a plan of arrangement, all of the issued and outstanding common shares of Dynamite at an exchange ratio of 0.75 Avion common shares for each Dynamite common share. In conjunction with the Arrangement, Dynamite also completed an acquisition agreement with Cash Minerals Ltd., whereby Cash Minerals has acquired a 100% interest in Dynamite's Mike Lake property located in the Dawson Mining District of Yukon and has acquired Tau Mining Limited (UK), which indirectly holds the Kokomeren, Barskaun, Arabelsu and Moldatu mining licences in the Kyrgyz Republic. In consideration thereof, Cash Minerals has issued 22,750,000 common shares of Cash Minerals and 11,375,000 common share purchase warrants of Cash Minerals to Dynamite. Each Cash Warrant shall entitle the holder thereof to acquire one Cash Share at an exercise price of $0.10 up to May 5, 2011. Cassels Brock acted for Dynamite with a team that included John Vettese (Securities and Mining), Alex Iliopoulos (Securities), Sean Maniaci (Securities) and Nicole Washington (Securities) and Chris Norton (Tax). |