On November 13, 2015, Oceanus Resources Corporation (Oceanus) and El Tigre Silver Corp. (El Tigre) announced the completion of the previously announced arrangement agreement to combine their respective companies. The transaction was completed by way of a statutory plan of arrangement pursuant to the Business Corporations Act (British Columbia), under which Oceanus acquired all outstanding common shares of El Tigre in exchange for common shares of Oceanus at a rate of one El Tigre share for 0.2839 of one Oceanus Share. While Oceanus Shares will continue to trade on the TSXV, El Tigre is expected to be de-listed and cease to be a reporting issuer. Oceanus is a precious metals exploration company run by a team of experienced mine finders. Oceanus is currently advancing the La Lajita high grade gold property located near Durango, Mexico, which will combine into one business with El Tigre's tailings reprocessing project and its rights to mineral concessions in north-eastern Sonora, Mexico, as a result of the transaction. Fasken Martineau advised Oceanus with a team that included John Turner, Krisztian Toth, Alex Nikolic, Myroslav Chawaulk (M&A and Securities), Mark Pontin, David Curtis (Litigation) and Thomas Meagher (Banking).