TORONTO, July 9, 2013 - Sendero Mining Corp. (formerly
QRS Capital Corp.) (TSX VENTURE:SM) ("Sendero") and
Halo Resources Ltd. (TSX VENTURE:HLO) (FRANKFURT:HRLN) ("Halo") are pleased to report that effective July 9, 2013, they have completed the business combination by way of a plan of arrangement (the "Arrangement") as previously announced in their press releases dated March 8, 2013 and May 21, 2013. Upon completion of the Arrangement Halo became a wholly-owned subsidiary of Sendero.
Immediately prior to the completion of the Arrangement, QRS Capital Corp. completed the name change to "Sendero Mining Corp." and consolidated its issued and outstanding share capital into approximately 20 million common shares. Prior to the completion of the Arrangement, 2,224,306 Sendero Shares held by Halo were cancelled.
Under the terms of the Arrangement, Sendero acquired all of the outstanding common shares of Halo in exchange for approximately 20 million units of Sendero. Each Sendero unit consists of one Sendero common share and one Sendero share purchase warrant. Each Sendero warrant will entitle the holder to purchase one Sendero common share for one year at a price of $0.40 per share, subject to adjustment in certain circumstances.
Trading in Halo shares has been halted and the shares of Halo will be delisted from the TSX Venture Exchange.
ON BEHALF OF THE BOARDS OF DIRECTORS
Sendero Mining Corp. (formerly "QRS Capital Corp.")
John Seaman, Chairman & Chief Executive Officer
Halo Resources Ltd.
Marc Cernovitch, Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Sendero Mining Corp.
John Seaman, Chairman and Chief Executive Officer
(807) 474-9898
jseaman@senderomining.com
www.senderomining.com
