Transition Metals, HTX Minerals Provide Disclosure, Business Combination Update
Transition Metals Corp. (XTM.V) and HTX Minerals Corp., a private company, today disclosed additional information related to the company's alliances, activities and 2013 plans, in support of the proposed plan of arrangement to combine the two companies.
Combined, Transition and HTX maintain an ownership interest in a diverse portfolio of more than 30 discrete properties in Ontario, BC, Saskatchewan, Minnesota, Nunavut and the NWT encompassing an area in excess of 2,000 sq km.
Update Regarding the Transaction
Completion of the Proposed Transaction remains subject to the receipt of regulatory and required consents and approvals, including the approval of the Transition and HTX shareholders. Both parties are working diligently towards execution of a definitive agreement.
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