Transactions
Sierra Minerals and Goldgroup Resources Complete Business Combination to Form Goldgroup Mining Inc.
By Gregory Hogan, Jason MacIntosh, Cameron Mingay, Ken Snider
On April 30, 2010, Sierra Minerals Inc. and Goldgroup Resources Inc. completed a business combination. Goldgroup changed its name from "Sierra Minerals Inc." to “Exploitation Minière Goldgroup Inc.” and its English version “Goldgroup Mining Inc.” Goldgroup Mining Inc.'s shares began trading on a consolidated basis under the symbol “GGA,” along with a corresponding adjustment in share price, on May 7, 2010.
Goldgroup Mining Inc. has undertaken a share consolidation on a 2.85 (old) for 1 (new) basis. A total of 51,942,637 post-consolidation common shares of Goldgroup were issued as part of the business combination such that there are now approximately 84,952,432 post-consolidation common shares of Goldgroup outstanding.
Cassels Brock acted for Sierra Minerals Inc. with a team that included Cam Mingay (Securities and Mining), Greg Hogan (Securities and Mergers & Acquisitions), Jason MacIntosh (Securities) and Ken Snider (Tax).