TSX

Canadian Gold Hunter Corp. (TSX:CGH) and Sanu Resources Ltd. (TSX VENTURE:SNU) announced the completion of their business combination activities, making Sanu Resources a 100 percent owned subsidiary of Canadian Gold Hunter.

The announcement came shortly after shareholders and legal courts have approved the merger of both companies. As a result Sanu’s shares will be delisted from the Canadian Stock Exchange (TSX Venture Exchange).

Through the merger Canadian Gold Hunter has expanded its regional reach and secured its foothold in new mining markets such as Eritrea in East Africa. The acquisition should also assure Canadian Gold Hunter with the growth required to meet its expansion targets.

Wojtek Wodzicki the CEO of Canadian Gold Hunter, stated, “This transaction represents a pooling of the expertise of two well-regarded exploration companies and its resulting globally diversified portfolio provides a platform for entry into all major regions”.

Further, it was announced that former director of Sanu Michael Winn will join the Board of Directors of Canadian Gold Hunter. The move by Mr. Winn will add insider know-how about Sanu Resources Ltd. to the  Board of Directors of Canadian Gold Hunter Corp.

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