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Bullboard - Stock Discussion Forum Big Ridge Gold Corp V.BRAU

Alternate Symbol(s):  ALVLF

Big Ridge Gold Corp. is a Canada-based gold exploration company. The Company owns and operates gold exploration projects in Newfoundland, Manitoba, and Quebec. The Company’s projects include Hope Brook Gold Project, Oxford Gold and Destiny Gold Project. The Hope Brook Gold project is located on the Southwest coast of the island of Newfoundland, in the Province of Newfoundland and Labrador... see more

TSXV:BRAU - Post Discussion

Big Ridge Gold Corp > Big Ridge Gold to Acquire Gold Island Inc.
View:
Post by Betteryear2 on Jul 17, 2023 7:31am

Big Ridge Gold to Acquire Gold Island Inc.

Toronto, Ontario--(Newsfile Corp. - July 17, 2023) - Big Ridge Gold Corp. (TSXV: BRAU) ("Big Ridge" or the "Company") and Gold Island Inc., a private company ("Gold Island") are pleased to announce that they have entered into a business combination agreement, July 17th, 2023, (the "Business Combination Agreement") pursuant to which Big Ridge will acquire 100% of the issued and outstanding common shares of Gold Island (the "Transaction"). Under the Transaction, Gold Island shareholders will receive 0.8 of one Big Ridge common share for each Gold Island common share held (the "Exchange Ratio"). The Transaction will be effected by way of a three-cornered amalgamation under the Business Corporations Act (Ontario).

Big Ridge Gold to Acquire Gold Island Inc. Creating a Premier Newfoundland Based Exploration Company with Significant Defined Gold & Copper Resources and Extensive Exploration Portfolio Backed by Leading Strategic Resource Investors (newsfilecorp.com)
Comment by kh231 on Jul 17, 2023 8:03am
FANTASTIC NEWS today! This should send the stock up to a $1 buck TODAY!