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.

TSX:MOZ - Post by User

Marathon Gold Corp > Today Is Not A Good Day as Calibre Mining Buys Marathon Gold

<< Previous

Bullboard Posts

Next >>

Comment by NLMooseon Nov 15, 2023 11:39am

92 Views

Post# 35736978

RE:RE:Today Is Not A Good Day as Calibre Mining Buys Marathon Gold

Technically speaking, its not a merger as Marathon Gold shareholders will get approximately .6162 Calibre Mining share per Marathon Gold share.

This transaction is more of a takeover than a merger as Calibre will have control over the company.

Secondly, mergers usually have two companies consolidating to form a new company with previous entitles still operating autonomously, and usually uses a new name, such as Kraft Heinz when Kraft Foods and Heinz merged or Square Enix when Square Soft and Enix Corporation merged in 2003.

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing