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Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around... see more

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OTCQX:GLDXF - Post Discussion

Gold X Mining Corp. > Gone?

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Post by mackvorkian on May 18, 2020 1:17pm

Gone?

I owned SVM for some years now and it has been one of my best stocks. I unloaded it all around $6 Bucks. The "China risk factor" started concerning me. It is interesting to me that GUY would prefer SVM to the 3 way deal.
At the least, the offer put Sandspring on the radar screen and the press can't but help the project.

VANCOUVER, British Columbia and TORONTO, May 17, 2020 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. (“Silvercorp”) (TSX/NYSE American: SVM) and Guyana Goldfields Inc. (TSX: GUY) (“Guyana Goldfields”) are pleased to announce that they have entered into an amending agreement (the “Amending Agreement”) to the arrangement agreement (the “Arrangement Agreement”) entered into previously and announced on April 27, 2020, pursuant to which Silvercorp agreed to acquire all of the issued and outstanding shares of Guyana Goldfields by way of a court approved plan of arrangement under the Canada Business Corporations Act (the “Transaction”).