Adventus Zinc enters into heads of agreement to vend Irish exploration projects to BMEx Limited in return for shares

On February 7, 2017, Adventus Zinc Corporation (TSXV: ADZN) (OTCQX: ADVZF) announced that it had entered into a heads of agreement to vend its Lismore, Fermoy, Millstreet and Charleville exploration projects in Ireland to the privately-owned Australian exploration company BMEx Limited in return for shares in BMEx.

The transaction is to be formalized in a share sale and purchase agreement between the parties, whereby BMEx will acquire shares of a subsidiary company owned by Adventus. Adventus will retain its Rathkeale and Kingscourt exploration project interests in Ireland.

Toronto-based Adventus is a well-financed exploration and project development company focused primarily in Ecuador, but which also owns large prospective mineral land packages in Ireland and Canada.

Gowling WLG advised Adventus Zinc in the negotiation of this agreement with a team that included Denis Silva, Tara Amiri and Jill Dunn.