Dirty Shirt
1021105 Ontario, a jointly owned unit of Placer Dome and Dundee Bancorp, merged with CMP Resources and Plexus Resources through an exchange of shares. The exchange ratios, based on relative net asset values and a report prepared by Goepel Shields & Partners, were to be 2.10 common shares of the new merged company for each CMP share, 1.80 new shares for each Plexus share, and 3.95 new shares for each share of 1021105 Ontario. Plexus was to own a 33.8% stake of the new company, while CMP was to own 33.7% and 1021105 Ontario 32.5%.
Acquirer: 1021105 Ontario
Acquirer Business Discription: Investment firm
Acquirer Ultimate Parent: Dundee Corp
Acquirer SIC Code: 6799 - Investors, nec
Target Name: CMP Resources,Plexus Resources
Target Business Description: Oil and gas exploration,prodn
Target Ultimate Parent: CMP Resources Ltd
Target SIC Code: 1311 - Crude petroleum and natural gas