BMEXBusiness Material Exchange
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Release date- 29072019 - TORONTO - Adventus Mining Corporation ('Adventus') (TSX-V: ADZN; OTCQX: ADVZF) is pleased to announce the completion of the previously announced transaction to vend its Lismore, Millstreet and Charleville exploration projects in Ireland to the privately-owned Australian exploration company BMEx Limited ('BMEx') in return for shares in BMEx (the 'Transaction').
The Transaction has been formalized in an investment and cooperation agreement between the parties, whereby BMEx has acquired all shares of a subsidiary company owned by Adventus.
They said the BMEx would initially focus on establishing spot trading for agricultural commodities while an auction facility would be introduced soon.
The BMEx is being floated a year after Bangladesh's parliament amended the Securities and Exchange Commission Act allowing establishment of aACAyCommodity/Derivative Exchange' in Bangladesh.