On February 7, 2017, Adventus Zinc Corporation (TSXV: ADZN) (OTCQX: ADVZF) announced that it had entered into a heads of agreement to vend its Lismore, Fermoy, Millstreet and Charleville exploration projects in Ireland to the privately-owned Australian exploration company BMEx Limited in return for shares in BMEx.
The transaction is to be formalized in a share sale and purchase agreement between the parties, whereby BMEx will acquire shares of a subsidiary company owned by Adventus. Adventus will retain its Rathkeale and Kingscourt exploration project interests in Ireland.
Toronto-based Adventus is a well-financed exploration and project development company focused primarily in Ecuador, but which also owns large prospective mineral land packages in Ireland and Canada.
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