Blue Vista Technologies Inc. (BV-H.V) and Eloro Resources Ltd. (ELO.V) announced that they have entered into an arm's length agreement whereby Blue Vista is to acquire Eloro's wholly-owned Hurdman Property, comprising 13 contiguous mining claims covering 2,944 hectares in Hurdman Township, 120 kilometres north-northwest of the city of Timmins, Ontario.
Pursuant to the agreement and subject to regulatory approval and closing, Blue Vista will acquire a 100% interest in the Hurdman Property by issuing 5,000,000 shares and paying $40,000 to Eloro.
Blue Vista last traded at 6 cents. Eloro is unchanged at 15 cents.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
