Mitchell Resources Ltd. (OTCPK:KMNF.F) reached an agreement to acquire Hannan Metals Ltd. from Michael Hudson and Mark Saxon on November 4, 2016. Mitchell Resources will finance the proposed acquisition, complete initial exploration on the prospecting licences, and for corporate and general working capital. Upon completion, Mitchell Resources will change name to Hannan Metals Ltd. Michael Hudson will be appointed as Chief Executive Officer of Mitchell Resources and will join existing directors Nick DeMare, Harvey Lim, David Henstridge and Michael Iannacone on board of directors. The transaction is subject to completion of satisfactory due diligence, completion of the financing and the receipt of all regulatory approvals, including the acceptance of the TSX Venture Exchange. Mitchell Resources Ltd. (OTCPK:KMNF.F) completed the acquisition of Hannan Metals Ltd. from Michael Hudson and Mark Saxon on January 6, 2017.