The Canadian-based company intends to sell a total of 10,000,000 common shares at a price of $2.00 per common share in an attempt to raise $20 million.
Exploration activities are underway at the Sierra Rosario and Battle Mountain ridge properties in Mexico and Nevada; additionally, Sparton has reserved 3.4 million common shares for purchase.
Shareholders making up roughly 18% of Maudore shares have serious reservations about the ability and technical expertise of Maudore's current management.
Vaaldiam Mining today announced that it has received shareholder approval of the previously announced plan of arrangement to be acquired by a Cayman Island company BCKP.
