BRC DiamondCore yesterday announced the finalisation of its acquisition of all of the outstanding shares of the Northern Cape diamond explorer, Diamond Core Resources, thereby effecting the merger of the two businesses.
BRC DiamondCore was formerly named BRC Diamond Corporation.
Diamond Core shareholders received one BRC share for every 24,5 DiamondCore shares.
As a result, BRC now has about 25,74million shares with former DiamondCore shareholders now holding about 47percent of the outstanding shares. - I-Net Bridge