Red Pine Exploration Inc. Completes $13 Million Acquisition of Augustine Ventures Inc.February 03, 2017
Red Pine Exploration Inc. completed its acquisition of Augustine Ventures Inc. by acquiring all of the outstanding shares of Augustine pursuant to an arrangement under the Business Corporations Act (Ontario). The transaction was previously approved by Augustine shareholders and was subsequently approved by the Ontario Superior Court of Justice. Red Pine issued 100,668,733 common shares to former Augustine shareholders, representing a transaction value of approximately $13 million.
Wildeboer Dellelce LLP represented Red Pine in connection with the transaction with a team that included Al Wiens, Michael Rennie, Rebecca Cochrane and Carlye Bellavia (corporate / securities) and John O’Connor (tax).