Anconia Resources Corp. (TSXV:ARA) ("Anconia" or the "Company") and Avalon Investment Holdings Ltd. ("Avalon") are pleased to announce that they have entered into a binding letter agreement dated May 24, 2019 (the "LOI"), in respect of a proposed transaction (the "Transaction"), whereby Anconia has agreed to acquire all of the issued and outstanding securities of Avalon, by way of three-cornered amalgamation, share exchange or such other form of business combination as the parties may determine.Read full news