On September 20, 2022, Halcones Precious Metals Corp. (formerly, Pinehurst Capital II Inc.) (TSXV: HPM) (“Halcones” or the “Company”) announced that it has completed its acquisition (the “Transaction”) of all of the issued and outstanding securities of Halcones Precious Metals Inc. (the “Target”), a private company incorporated under the laws of the Province of Ontario with mining assets located in Chile.
The Transaction constituted the Company’s Qualifying Transaction and was completed according to the terms of an amalgamation agreement pursuant to which the Company acquired all of the issued and outstanding securities of the Target by way of a three-cornered amalgamation with a wholly-owned subsidiary of the Company under the laws of the Province of Ontario.
Prior to the completion of the Transaction, the Company: (i) completed a consolidation of its issued and outstanding common shares (“Company Shares”) on the basis of 0.4716981 post-consolidation Company Share for every one pre-consolidation Company Share (the “Consolidation”); and (ii) changed its name from “Pinehurst Capital II Inc.” to “Halcones Precious Metals Corp.”.
Miller Thomson advised the Target in the transaction with a team led by Mack Hosseinian (Capital Markets) and comprised of Madison Derraugh (Capital Markets), Anca Nitu and Linda Spina (Law Clerk), as well as Connor Broude (Student).
