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Canadian Gold Corp V.CGC

Alternate Symbol(s):  STRRF

Canadian Gold Corp. is a mineral exploration and development company. The Company’s principal project is the Tartan Lake Gold Mine Project, a mineral property which hosts a past-producing underground mine. The Tartan Lake Gold Mine Project is located approximately 12 kilometers (km) directly northeast of the town of Flin Flon, Manitoba, Canada. The Project is approximately 2,670 hectares in area and consists of 20 mineral claims. The operation consisted of a 450 ton per day gold processing facility. The Company also holds a 100% interest in green field exploration properties in Ontario and Quebec adjacent to some of Canada's gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON). Located due south of Agnico Eagle’s Hammond Reef Gold Project, the Hammond Reef North and South Projects are prospective for large tonnage, low grade gold deposits.


TSXV:CGC - Post by User

Bullboard Posts
Post by rarihokwatson Nov 28, 2019 5:35am
333 Views
Post# 30401053

interest from multiple third parties

interest from multiple third partiesFinally something going to happen??

2019-11-26 08:55 ET - News Release

 

Ms. Jennifer Boyle reports

CANACCORD GENUITY ENGAGED AS FINANCIAL ADVISOR

In response to interest received from multiple third parties, Satori Resources Inc.'s board of directors has commenced a process to explore strategic alternatives in order to maximize shareholder value. The company has therefore engaged Canaccord Genuity Corp. as its financial adviser in connection with this process. Canaccord is an independent, global, full-service investment bank, and has significant experience and exposure to the mining sector, which will be instrumental in these efforts.

Pete Shippen, chairman, states: "Our board of directors has determined that it is prudent to undertake this review with the objective of identifying the best strategy to maximizing shareholder value. We look forward to working closely with Canaccord and believe that their expertise in mining and their global reach make them ideally positioned to assist the company in this regard."

To date, there has been no decision to enter into an agreement with any third party, and there can be no assurance that a transaction may be completed through this process.

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