placed the robots (Universal Robots, universal-robots.
In addition, following completion, each common SFEG share will be converted into the right to receive American Depository Receipts (ADRs) of IGS.
As a result, the current SFEG and IGS shareholders will hold 61.
Through it, SFEG hopes to improve its liquidity and provide capital to further develop its projects, it said previously.
Under the agreement, the current SFEG and IGS shareholders will hold 61.
The combination will create a diversified and well-capitalised gold-silver miner, explorer and developer, with projects located in emerging mining districts of Brazil, West Africa and the Southwestern United States, SFEG said.
The contemplated transaction structure would be effected solely through an exchange of SFEG shares for IGS shares in connection with a merger transaction.
0 million to SFEG within five business days of execution of the Heads of Agreement and (b) another A$2.
Mining and exploration enterprise Santa Fe Gold Corporation (OTCBB: SFEG