Squire Mining Ltd. (CNSX:SQR) entered into a binding letter of intent to acquire Strategic Aviation Services Ltd on October 14, 2016. Upon completion of the transaction, Squire intends to voluntarily de-list from the Canadian Securities Exchange and become an Industrial Issuer listed on the TSX Venture Exchange and will be renamed to a name to be determined. Upon completion of the transaction, current shareholders of Squire will own 9.21% and Strategic Aviation Services will own 21.47% of the issued and outstanding common shares of the new company. The new company will carry on the business of Strategic Aviation Services as currently constituted. The transaction is subject to completion of subscription receipt financing for gross proceeds of not less than CAD 20 million, the approval of the shareholders of Squire, approval of the Exchange and other relevant regulatory authorities. The transaction is expected to take place by December 15, 2016. Squire Mining Ltd. (CNSX:SQR) cancelled the acquisition of Strategic Aviation Services Ltd on January 6, 2017.