Nexgen Mining Announces Extension To Letter Of Intent To Acquire Electrum Copper Corp.
Mar 09, 2022•almost 4 years ago
Acquiring Company
NexGen Mining
Acquired Company
Electrum Copper
Description
NexGen Mining Incorporated (“OTCPK:NXGM”) (the “Company”), today announced that it has signed an extension to its non-binding letter of intent to acquire Electrum Copper Corp. (“Electrum”) for shares of the Company’s common stock. Electrum is an exploration and development company and the owner of the Candela and Don Indio Projects, both located in Mexico. Pursuant to the extension, the parties have agreed to use their best efforts to enter into definitive agreements on or prior to April 30, 2022.
M&A Insights
Based on deal dataIntegration 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