Selkirk Metals Corp. (TSX-V:SLK) has completed its acquisition of Doublestar Resources Ltd. (TSX-V:DSR) in an all stock deal worth roughly $14 million
As a result of the deal, which was originally announced in March, Doublestar will become a wholly owned subsidiary of Selkirk. The deal will help further develop their Ruddock Creek zinc-lead project in southeast B.C.
The deal required Selkirk to issue 17.8 million shares to acquire Doublestar. Doublestar shareholders received half a Selkirk share for each Doublestar share. Shareholders who owned fewer than 20 Doublestar shares were paid out in cash.
Selkirk's share price range during the past week: between $1.31 and $1.40; 52-week high: $1.40; 52-week low: $0.45.