TransactionsDundee Precious Metals Completes Sale of Timok and Potoj Cuka Gold Projects in SerbiaPublished: 08/10/2010 By Andre Boivin, Michael Lungu, Paul M. Stein, France M. Tenaille, Luke Woolford On July 30, 2010, Dundee Precious Metals Inc. ("DPM") completed the sale of its Timok and Potoj Cuka gold projects located in Serbia. Pursuant to a business combination agreement dated April 28, 2010 among DPM, PJV Resources Inc. ("PJV") and Rodeo Capital Corp. (now Avala Resources Ltd., "Avala"), PJV has acquired DPM’s interest in the projects through the acquisition of DPM’s Serbian subsidiary, Dundee Plemeniti Metali d.o.o., in exchange for consideration consisting of PJV units and cash, and a business combination has been effected by way of a three-cornered amalgamation, whereby PJV has amalgamated with a wholly-owned subsidiary of Avala. Upon the completion of the amalgamation, all of the securities of PJV were exchanged for securities of Avala on a one-for-one basis. Cassels Brock acted for DPM. with a team lead by André Boivin (Securities and Mining) and Paul Stein (Securities and Mining) with the assistance of France Tenaille (Business Law and Mining), Luke Woolford (Business Law) and Michael Lungu (Business Law). |