Guerrero Exploration Inc. (GEX.V) has completed the previously announced acquisition of all of the issued and outstanding shares of Pinette Copper Corp, a private Vancouver-based mineral exploration company with 2 exploration properties located in Botswana. Guerrero will issue approximately 33,809,885 to the shareholders of Pinette.
The Corporation also issued 4.1 million common shares at a deemed price of $0.05 per share to insiders to settle any obligations it may have under two existing consulting agreements.
GEX went up by nearly 8% to 7 cents but is trading just 4 cents above year lows.
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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.
