TransactionsSierra Minerals and Goldgroup Resources Complete Business Combination to Form Goldgroup Mining Inc.Published: 06/22/2010 By Gregory Hogan, Cameron Mingay, Ken Snider On April 30, 2010, Sierra Minerals Inc. and Goldgroup Resources Inc. completed a business combination. Goldgroup changed its name from "Sierra Minerals Inc." to “Exploitation Minière Goldgroup Inc.” and its English version “Goldgroup Mining Inc.” Goldgroup Mining Inc.'s shares began trading on a consolidated basis under the symbol “GGA,” along with a corresponding adjustment in share price, on May 7, 2010. Goldgroup Mining Inc. has undertaken a share consolidation on a 2.85 (old) for 1 (new) basis. A total of 51,942,637 post-consolidation common shares of Goldgroup were issued as part of the business combination such that there are now approximately 84,952,432 post-consolidation common shares of Goldgroup outstanding. Cassels Brock acted for Sierra Minerals Inc. with a team that included Cam Mingay (Securities and Mining), Greg Hogan (Securities and Mergers & Acquisitions), Jason MacIntosh (Securities) and Ken Snider (Tax). |