NSX Silver Inc. said Oct. 11 that it entered into an agreement to acquire Residence Cameron Ltd., implying a value of about C$5 million.
Cameron is a New Brunswick incorporated company. Its sole assets are 63 multiunit residential properties.
NSX Silver will assume collateral mortgages of C$4.2 million held by Cameron and will pay the remainder in cash from a private placement
It plans to change its name to Vivere Communities Inc. as approved by its shareholders in June.
NSX signed a deal to sell its mining concessions late in 2015.