Waterloo acquiring Lowell shares in $29.2M reverse takeover

Feb 26, 2013 | 09:55 AM | Michael Cowden

Tags  Waterloo Resources, Lowell Copper, J. David Lowell, Marcel de Groot, David De Witt, Catherine Mcleod-Seltzer, mergers, acquisitions Ecuador

CHICAGO — Waterloo Resources Ltd. has agreed to buy all outstanding shares of Lowell Copper Inc. in a reverse takeover.

The acquisition of shares will cost approximately C$30 million ($29.2 million), with C$5 million ($4.9 million) of financing available at closing, Waterloo chief executive officer Marcel de Groot told AMM Feb. 25.....

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