https://www.miningweekly.com

MegumaGold to acquire Canadian GoldCamps' assets

7th January 2021

By: Donna Slater

Features Managing Editor and Chief Photographer

     

Font size: - +

Canadian junior gold exploration company MegumaGold and Canadian GoldCamps have terminated a previously announced share exchange agreement signed in November and have entered into a new definitive agreement whereby MegumaGold will buy substantially all of the assets of Canadian GoldCamps.

Under the terms of the new agreement, Canadian GoldCamps will sell to MegumaGold all of its Canadian assets and the associated working capital in exchange for securities of MegumaGold, which it intends to distribute directly to its shareholders, subject to a shareholder vote and other regulatory approvals.

As the proposed transaction constitutes the disposition of substantially all of Canadian GoldCamps’ undertaking, Canadian GoldCamps will hold an annual general and special meeting of its shareholders on January 29 to seek shareholder approval for the transactions contemplated in the agreement.

It is anticipated that the sale price for Canadian GoldCamps’ assets will be comprised of 1.1 shares of MegumaGold for each one issued and outstanding share of Canadian GoldCamp as at November 16, 2020.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 1.051s - 110pq - 2rq
Subscribe Now