TORONTO, Jan. 25, 2024 /CNW/ – Adventus Mining Corporation (“Adventus“) (TSXV: ADZN) (OTCQX: ADVZF) and Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) (“Luminex“) are pleased to announce the successful completion of the previously announced transaction pursuant to which Adventus acquired all of the issued and outstanding common shares of Luminex (the “Luminex Shares“) by way of a court-approved plan of arrangement (the “Arrangement“).
Pursuant to the Arrangement, former Luminex shareholders received 0.67 (the “Exchange Ratio“) of an Adventus common share (each whole share, an “Adventus Share“) in exchange for each Luminex Share held. Adventus issued an aggregate of 117,432,403 Adventus Shares to former Luminex shareholders. The Adventus Shares issued under the Arrangement are expected to be listed and posted for trading on the TSX Venture Exchange.
Options to acquire Luminex Shares that were outstanding at the time of…
