Dacha Strategic Metals Inc. (“Dacha”) (TSX VENTURE:DSM)(OTCQX:DCHAF) and Aberdeen International Inc. (“Aberdeen”) (TSX:AAB) are pleased to announce that they have entered into a definitive agreement (the “Business Combination Agreement”) pursuant to which Dacha and Aberdeen will, subject to shareholder, court and regulatory approvals, enter into a plan of arrangement pursuant to which Dacha will acquire all of the outstanding shares of Aberdeen and Aberdeen will become a wholly owned subsidiary of Dacha (the “Transaction”).
A year after telling investors they’d begin liquidating their inventory and carry out some sort of acquisition in the resource space, all we have is a small Lutetium sale followed by this uninspiring business combination. Somehow this is supposed to unlock value?
Considering the lackluster track record of two teams unable to get their respective companies trading above let alone anywhere near their respective NAV I remain wholly unconvinced of this strategy, if you can even call it that.
10 months ago
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