Beadell to merge with Golden Harp to form new company

ASX-listed Beadell Resources, an Australian-headquartered mining company known for its gold operations in Brazil, in particular the Tucano mine, has announced a merger with Canadian company Golden Harp Resources to form a new dual-listed company, Americano Mining.

Golden Harp will undertake a private placement of $C4 million ($3.96 million) in common shares, with investment manager Sprott and the Lundlin family associates as the main subscriber — the Lundlin family being one of Canada’s wealthiest due to their mining investments.

Beadell’s shareholders will exchange 14.25 fully paid ordinary shares for each post-consolidation Golden Harp common share.

Once all transactions are finalised, Golden Harp will trade under the name Americano Mining on both Australia’s ASX and Canada’s TSXV. The company’s head office will be in Perth, Western Australia, as it was prior to the merger, with a secondary office in Toronto.

Simon Jackson, managing director and chief executive officer of Beadell, said the company was pleased to have reached an agreement with Golden Harp that would benefit both companies’ shareholders.

“It has long been my view that the Tucano mine needs to be listed in Canada along with the vast majority of South American gold developers and producers,” he said.

“We are delighted to have received the support of Sprott and the Lundlin family as they become new shareholders of Americano.”

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