10:20:17 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Swift Resources Inc (2)
Symbol SWR
Shares Issued 14,938,599
Close 2016-09-08 C$ 0.25
Market Cap C$ 3,734,650
Recent Sedar Documents

Swift completes Romanex acquisition, changes name

2017-03-03 19:45 ET - News Release

Mr. Peter Berdusco reports

SWIFT RESOURCES COMPLETES ACQUISITION OF ROMANEX; CHANGES NAME TO GUYANA GOLDSTRIKE

Guyana Goldstrike Inc. (formally Swift Resources Inc.) has completed the acquisition of Romanex Guyana Exploration Ltd. Romanex is a privately held mineral exploration company incorporated under the laws of the Republic of Guyana. Romanex holds a 100-per-cent interest in the Marudi Mountain mining licence, located in Guyana.

In connection with closing of the transaction, the company has issued 4,781,250 common shares and 468,750 common share purchase warrants to the existing shareholders of Romanex. Each warrant is exercisable to acquire an additional common share of the company at a price of 20 cents per share for a period of 24 months. Pursuant to the terms of the transaction, the company is also required to complete a series of cash payments totalling $775,000 (U.S.) in the 36 months following closing and to reimburse the vendors for certain expenses incurred in support of Romanex and the transaction. The company will also issue a total of 653,437 common shares in the 36 months following closing, as a finder's fee to an arm's-length third party, which assisted the company in facilitating the transaction.

Following completion of the transaction, the company has changed its name to Guyana Goldstrike Inc. Trading in the common shares of the company will remain halted pending completion of final filings with the TSX Venture Exchange. Subject to final approval of the exchange, the company will be listed as a Tier 2 mining issuer under the new symbol GYA.

All securities issued in connection with the completion of the transaction are subject to a four-month-and-one-day statutory hold period. The company will provide additional details in respect of the private placement financing completed in connection with the transaction as soon as they are available.

We seek Safe Harbor.

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