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War Eagle Acquires Andromeda Resources Inc.
Published : February 11, 2013
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Keywords :   Lead | Mexico | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2013) - War Eagle Mining Company Inc. (News - Market indicators) ("War Eagle" or the "Company") announced today that it and a wholly owned subsidiary had entered into a definitive agreement (the "Amalgamation Agreement") dated January 23, 2013 with Andromeda Resources Inc. ("Andromeda"). The Amalgamation Agreement was entered into pursuant to a merger agreement between War Eagle and Andromeda announced on January 21, 2013. The wholly-owned War Eagle subsidiary resulting from such amalgamation will carry on the base metals development business of Andromeda in Mexico. The Amalgamation Agreement was approved by the Andromeda shareholders at a meeting on February 4, 2013, by the TSX Venture Exchange ("TSXV") on February 7, 2013 and the amalgamation was effective on February 8, 2013.

The Amalgamation Agreement provides that, among other things, each common share of Andromeda will be exchanged for 0.897 of a War Eagle common share. Completion of the amalgamation will result in the issue by War Eagle of 3,048,287 common shares; no fractional shares will be issued. The resulting share capital of War Eagle will be 15,241,436 common shares of which the shareholders of War Eagle will own approximately 80% and the former shareholders of Andromeda (other than War Eagle) will own the remaining 20%. 

About War Eagle

War Eagle Mining Company Inc. is an experienced mineral exploration and development company publicly traded since 1987 and listed on the TSXV under the symbol "WAR". The Company has been in the exploration phase of the Tres Marias zinc-lead-germanium project in Chihuahua, Mexico. Tres Marias is a former producing zinc and germanium mine that first produced ore in 1949.

This news release was prepared by management of War Eagle, which takes full responsibility for its contents.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

War Eagle Mining Company Inc.
Paul A. Carroll
Executive Chairman
416-369-7217
or
War Eagle Mining Company Inc.
Donald Padgett
Director
760-485-7678
info@wareaglemining.com
www.wareaglemining.com
Companies Mentionned : Metals X | War Eagle Mining | X-ore |
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

War Eagle Mining Company Inc.

EXPLORATION STAGE
CODE : WAR.V
ISIN : CA9339013083
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Financings of War Eagle Mining Company Inc.
12/21/2012Closes Non-Brokered Private Placement
12/21/2012Closes Non-Brokered Private Placement
11/20/2012Announces Non-Brokered Private Placement of up to $500,000
7/31/2010Closes Third Tranche of Non-Brokered Private Placement
7/23/2010Closes 2nd Tranche of Private Placement
7/1/2010Closes First Tranche of Private Placement.
6/18/2010Announces $1,200,000 Non-Brokered Private Placement
11/1/2007 Private Placement Increased to $4.25 Million
Nominations of War Eagle Mining Company Inc.
11/8/2012Appoints New CEO and Directors
8/12/2010Appoints CFO
1/9/2009Appointment of Jeff W. Lantz as President and Chief Executiv...
Project news of War Eagle Mining Company Inc.
8/28/2013(Tres Marias)Enters Into Agreement to Sell its Tres Marias Project in Mex...
1/21/2013to Acquire Andromeda Resources
2/17/2010(Tres Marias)Tres Marias Assay Results
2/3/2009(Mac)New Discovery Hole at Tres Marias
7/3/2008(Tres Marias)Tres Marias Intercepts 10.58 Meters (68.8 ft) of 394 g/tonne...
4/30/2008(Mac)Core Drilling Confirms Surface Mineralization Continues to D...
5/31/2007(Tres Marias)Progress on Mine Development and Exploration Program Tres Ma...
2/26/2007News Release - Initial Underground Drilling Results
Corporate news of War Eagle Mining Company Inc.
2/11/2013Acquires Andromeda Resources Inc.
12/24/2010Andromeda Letter of Intent Terminated
11/19/2010Andromeda and War Eagle Shareholder Meeting Update
3/4/2010Provides Corporate Update
8/18/2009Options MAC Property to VM Exploration Ltd.
12/16/2008Signs Letter of Intent with Saskpower International Inc. to ...
4/24/2008 Completes Successful First Phase Investigation Into The Rec...
3/5/2008On Fox Business News
11/21/2007 $4.2 million Placement Closed
11/9/2007Signs LOI to Option Out George's Lake Gold Project
11/6/2007SIGNS A LETTER OF INTENT WITH ELCOGAS SA
11/6/2007Germanium Defined for Investors.
10/16/2007 in the Northern Miner
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TSX-V (WAR.V)Other OTC (WARGF)
0.020+0.00%0.020+0.00%
TSX-V
CA$ 0.020
11/21 13:31 -
0%
Prev close Open
0.020 0.020
Low High
0.020 0.020
Year l/h YTD var.
0.020 -  0.080 -50.00%
52 week l/h 52 week var.
0.020 -  0.080 -50.00%
Volume 1 month var.
141 -20.00%
24hGold TrendPower© : -22
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Explores for Germanium - Gold - Lithium - Tantalum - Tin - Zinc
 
 
 
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