On February 13, 2018, War Eagle Mining Company Inc. (TSXV: WAR) (“War Eagle”) announced the completion of the previously announced amalgamation with Champagne Resources Limited (“Champagne”), a private Ontario company. Pursuant to the amalgamation, War Eagle acquired all of the issued and outstanding common shares of Champagne. The amalgamated company, which will be called “Champagne Resources Limited”, will continue as a wholly-owned subsidiary of War Eagle.
On closing of the amalgamation, 21,990,276 common shares of War Eagle were issued to shareholders of Champagne such that the existing shareholders of War Eagle on the completion of the amalgamation own 50% of the outstanding shares of War Eagle and the former shareholders of Champagne own the remaining 50%.
War Eagle is focused on the exploration of mineral resource properties in northern Ontario with a focus on gold deposits.
Miller Thomson advised War Eagle in this transaction with a team that included Kathy Tang and Victoria de Luna.