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Marathon Gold Corp T.MOZ

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

Post by Betteryear2on Dec 22, 2023 8:33am
213 Views
Post# 35797289

Marathon Gold Receives Interim Order

Marathon Gold Receives Interim Order
  • Marathon Shareholders to receive a meaningful premium and will continue to participate in the Valentine Gold Project.
  • Marathon’s Board of Directors unanimously recommends voting in favour of the proposed combination with Calibre.
  • Shareholders are encouraged to vote well in advance of the proxy deadline of January 12, 2024 at 10:00 a.m. (Toronto Time).
  • For any questions, please contact Marathon's proxy solicitation agent and shareholder communications advisor, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (+1-416-3040211 outside North America) or by email at assistance@laurelhill.com.

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that it intends to mail and file its management information circular dated December 11, 2023 (the “Circular”) and related meeting and proxy materials today in connection with the special meeting (the “Marathon Meeting”) of holders (the “Marathon Shareholders”) of common shares of Marathon (the “Marathon Shares”) scheduled to be held on January 16, 2024 in connection with its previously announced proposed plan of arrangement (the “Arrangement”) with Calibre Mining Corp. (“Calibre”). Pursuant to the arrangement agreement dated November 12, 2023 between Marathon and Calibre and the accompanying Arrangement, Marathon Shareholders (other than Calibre) will receive 0.6164 of a Calibre common share (each whole share, a “Calibre Share”) for each Marathon Share held (the “Consideration”). The purpose of the Marathon Meeting is to seek approval of the Marathon Shareholders in respect of the Arrangement.

Marathon Gold Receives Interim Order and Intends to Mail (globenewswire.com)

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