No...
"Under the Offer, Black Range shareholders will receive 1 new Western share for every 750 Black Range shares held. Based on Western’s closing share price of C$4.53 on the CSE on 29 January 2015 and an exchange rate of C$1=A$1.02, the Offer values Black Range at $18.5 million or A$0.00617 per share,"
Shareholders well and truly shafted!