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Cunningham Mining Ltd Acquires Gold Mining Property

Sep 18, 2023•almost 2 years ago

Acquiring Company

Cunningham Natural Resources

Acquired Company

GOLD MINING PROPERTY

MiningOil And GasEnergy

Description

Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company"), now known as Cunningham Natural Resources Corp ("CNRC"), announced today that it has acquired an interest in Cunningham Mining Ltd ("CML") with the potential to increase its position over time. CML has completed the acquisition of the Placer Claims known as the 'Nugget Trap Placer Mine" in the British Columbia Mineral Title registry covering 573.7 acres and the accompanying permits and authorizations ("Property") that is situated within the Skeena Mining Division of British Columbia, Canada in the area known as BC`s Golden Triangle.

Company Information

Company

Cunningham Natural Resources

About

Cunningham Natural Resources Corp (www.cunninghamnaturalresources.com) will be focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed