Medoro Resources Ltd (2)
			Symbol			MRS
			Shares Issued			193,968,091
			Close 2009-10-30			C$ 0.55
			Recent Sedar Documents

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Medoro Resources acquisition of Colombia Goldfields

2009-10-30 18:52 ET - Acquisition

The TSX Venture Exchange has accepted an arrangement agreement between Medoro Resources Ltd. and Colombia Goldfields Ltd., pursuant to which the company will acquire all of the issued and outstanding shares of Colombia, on the following basis.

The holders of Colombia common shares will be entitled to receive 0.336 of a common share and 0.0108 of a warrant of the company for each Colombia share held. Each full warrant is exercisable at 50 cents for two years. In total, the company will issue 35,120,227 shares and 1,128,868 warrants to Colombia shareholders in exchange for the 104,524,486 outstanding Colombia shares.

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