Directors of CMP Resources (ME), Plexus Resources (TSE) and 1021105 Ontario Corp. have approved an amalgamation of the companies.
The following share exchange ratios have been set: 2.1 shares of the amalgamated company for each CMP share, 1.8 shares of the amalgamated company for each Plexus share and 3.95 shares of the amalgamated company for each common share of 1021105 Ontario.
CMP will own about 33.7% of the new company (to be known as Kinross Gold Corp.), Plexus about 33.8% and 1021105 Ontario about 32.5%.
The two shareholders of 1021105 Ontario are Dundee Bancorp (TSE) and Placer Dome (TSE).
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