Aquila resources to be acquired by gold resource corporation to form diversified north american precious and base metals producer

Toronto--(business wire)--aquila resources inc. (tsx: aqa, otcqb: aqarf) (“aquila” or the “company”) is pleased to announce that it has entered into a binding letter agreement (the “letter agreement”) with gold resource corporation (“goro”) (nyse american: goro) setting out certain key terms of a proposed acquisition by goro of all the issued and outstanding common shares of aquila by way of a plan of arrangement under the business corporations act (ontario) (the “transaction”). pursuant to the
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