Vancouver-based juniors Gold-Ore Resources (goz-t) and Astur Gold (ast-v) are joining forces to form a single, European-focused company with a producing gold mine and another gold project with upside. In what's been billed as a merger of equals, the deal has Gold-Ore issuing Astur shareholders 2.35 Gold-Ore shares per Astur share, adding 81.1 million Gold-Ore shares to the 85.4 million Gold-Ore shares already in existence for an eventual ownership ratio of 51.3% Gold-Ore and 48.7% Astur. The newly merged company will then complete a l-for-3 share rollback and change its name to Astur Gold.
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