Marathon Gold Corp T.MOZ

Metals & Mining Gold

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.

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Marathon Gold Corp

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Post by Inthepegon Nov 14, 2023 10:24am

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Post# 35734237

Manson legacy

Cxb is buying approx 66,600,000 shares at 40 million, then taking over MOZ.

Moz has 71 million cash + 244 million restrictioned cash.

Seems to me that MOZ just gave Cxb $40 million to buy the shares equal to about 14.5% ownership and then gave them the company plus 30 million cash for a deal that doesn't even guarantee us a fixed share price.... The only thing Moz gets out of this deal is getting rid of Manson.
I haven't read any comments about Cbx management. Any past experience with these guys?

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Fortune Minerals receives funding for NICO project development