TerraX Minerals Inc. (TXR:TSX.V) announced in a news release it entered an agreement to acquire the private exploration and development firm Gold Matter Corp. for 5 million shares. The acquisition will result in former Gold Matter shareholders holding about 4% of the issued and outstanding common shares of TerraX. Gold Matter shareholders agreed to a four-month hold on the TerraX shares to be issued to them. Also, TerraX appointed Gerald Panneton, Detour Gold founder, as its executive chairman and Louis Dionne, former Detour Gold mining engineer, as director. Panneton has 35 years of technical expertise in exploration and mine development, highlighted by the successful buildout of Detour Gold. "These gentlemen add significant depth and profile to our board of directors," TerraX President and CEO David Suda said in the release.