Beadell Resources Limited (Beadell or Company) announced that a definitive agreement has been reached with Golden Harp Resources Inc. (Golden Harp) (TSXV:GHR-H.V) of Canada to merge the companies via an Australian scheme of arrangement transaction. The new merged entity, to be named Americano Mining Inc., will apply to be listed on the Australian Securities Exchange (ASX) as well as retain its listing on the TSX Venture exchange (TSXV). A Canadian listing is important for the company as the TMX (including the Toronto Stock Exchange and the TSXV) is considered a global leader for mining companies. The listing will improve exposure to North American capital markets with increased liquidity and analyst coverage. It is a natural progression for Beadell as there is an extensive peer group of Latin American focused gold exploration, development and production companies Beadell has determined that the proposed merger is the preferred means of achieving a listing of the Company’s shares on the TSXV as the Company continues to grow towards its goal of becoming an Americas focussed intermediate gold producer. The proposed merger is subject to, among other things, approval by Beadell and Golden Harp shareholders, court approval and regulatory (including FIRB) approvals
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