North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Estrella Gold Corp. April 8 reported that its shareholders have approved a plan for Tarsis Resources Ltd. to acquire all of the outstanding shares of Estrella.

Under this arrangement, Estrella shareholders will receive one common share of Tarsis for each Estrella share held.

Upon completion of the merger, a 10-1 share consolidation will take place and the combined company will change its name to Alianza Minerals Ltd. Estrella CEO Jason Weber will serve as the president and CEO of Alianza; and Tarsis CEO Marc Blythe will be COO of the merged company.

Alianza will be a prospect generator focused on the Americas, particularly the cordilleran regions that characterize western North and South America.

The company will have four projects in Peru, 10 in Nevada, three in Mexico, and five in Yukon Territory and the flexibility to acquire new projects in the Americas as opportunities arise.

The business combination is expected to close by April 30, along with a financing of up to C$2 million.