Sacre-Coeur Minerals Ltd. (the“Company“) announce that it has received a written non-binding proposal for the acquisition of the Company by a large international mining entity. 

The proposed terms are now in negotiation, but would involve the purchase of all of the outstanding common shares of the Company at a premium to the current market price. The transaction would be in the form of a Plan of Arrangement and would be subject to customary conditions, including a due diligence review. 

The Board of Directors of the Company has authorized the negotiation and preparation of formal documentation in respect of the proposed transaction.

Further details of the proposed transaction will be released as soon as available.

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