Halo Resources Ltd. (TSXV:HLO) and QRS Capital Corp. (TSXV:QRS) announced that they have merged to form a company that will focus on the exploration of the Aurum Copper Project in Chile.
As quoted in the press release:
Merged Entity Highlights
- The acquisition by QRS of the Aurum Project is the culmination of an 18-month process to assess the potential of some 150 exploration properties throughout South America.
- QRS completed extensive due diligence work on the Aurum Proeject and believes that it has exploration potential to supplement the existing copper deposit.
- Halo has sufficient cash to facilitate the commencement of an structured exploration program at Aurum while continuing to work with its strategic partners to explore its gold and copper-zinc properties in Canada.
Halo’s President and CEO, Marc Cernovitch, said:
This merger brings together the strengths of two promising junior exploration companies, by combining the copper exploration potential of the Aurum project and the financial resources of Halo. We are very excited about this merger and look forward to beginning exploration in the near future.