Eclipse Gold Mining: A Potentially Shareholder Unfriendly M&A Transaction

On December 7, Northern Vertex Mining Corp. (TSXV: NEE) announced it would be acquiring Eclipse Gold Mining Corp. (TSXV: EGLD) in a no-premium, share-for-share exchange transaction. Northern Vertex will be the surviving company, while Eclipse shareholders are to receive 1.09 shares of Northern Vertex for each share of Eclipse they own.  The companies hope to receive … Continue reading Eclipse Gold Mining: A Potentially Shareholder Unfriendly M&A Transaction