International Resources To Acquire Tremont Master Holdings' Majority Interest In Alphamin Resources

India, June 3 -- International Resources Holding agreed to acquire Tremont Master Holdings' majority interest in Alphamin Resources Corp. (AFM.V).

As per the terms of the Transaction, IRH will, through a wholly-owned subsidiary, acquire 718.99 million common shares of Alphamin owned by Tremont, representing approximately 56% of the outstanding Common Shares, at a price of C$0.70 per share, for a total consideration of C$503.29 million.

Closing of the Transaction is subject to certain closing conditions, including, among others, the receipt of all regulatory and internal corporate approvals.

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Published by HT Digital Content Services with permission from RTT News....