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Euro Sun to acquire Vilhelmina Minerals

Euro Sun Mining Inc. said Oct. 7 that it has signed a definitive agreement to acquire all the issued and outstanding shares of Vilhelmina Minerals Inc. that it currently does not own.

Euro Sun currently owns 1,274,000 shares of Vilhelmina, or a 37.8% stake.

Under the definitive agreement, Euro Sun will issue 3.698569 common shares in exchange for each Vilhelmina common share held by a Vilhelmina shareholder, for a total purchase price of 9,088,235 Euro Sun shares.

Vilhelmina holds a 46.9% ownership interest in Vilhelmina Mineral AB, a private Swedish company which owns an interest in past producing mines in Sweden and Norway.