on Horwood Exploration Corp.
Horwood Exploration Corp. Announces Acquisition of Avventura Resources Inc.
Horwood Exploration Corp. and Avventura Resources Inc. have signed a share exchange agreement, allowing Horwood to acquire all outstanding shares of Avventura. This transaction, dated October 1, 2024, will see the issuance of 13,575,001 common shares of Horwood, resulting in Avventura shareholders owning 52% of the new entity.
The post-transaction entity aims to rebrand as "Avventura Resources Ltd." The management team will comprise industry professionals, including Anthony Balic as CEO and Mark Lotz as CFO.
Horwood has also settled a debt with Lebeuf Legal Inc., issuing 821,368 common shares to preserve cash. The completion of this transaction depends on regulatory and shareholder approvals, among other standard conditions.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Horwood Exploration Corp. news