North Sur Resources plans $5 million subscription receipts placement

Deal conducted alongside merger with Integrated Commerce Technology

By Devika Patel

Knoxville, Tenn., Dec. 31 – North Sur Resources Inc. said it plans to merge with Integrated Commerce Technology Holdco, Ltd. and the combined companies will raise between C$2 million and C$5 million in a private placement of subscription receipts.

Each subscription receipt will convert into one common share.

The mineral explorer is based in Calgary, Alta.

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