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Bullboard - Stock Discussion Forum Blackwolf Copper and Gold Ltd V.BWCG

Blackwolf Copper and Gold Ltd. is a mineral exploration and development company focused on base and precious metal projects located in Alaska and British Columbia. It holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska, as well as six Hyder Area gold-silver and base metal properties in southeast Alaska and... see more

TSXV:BWCG - Post Discussion

Blackwolf Copper and Gold Ltd > BWCG vote on TML deal on June 26
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Post by MarketMakerss on Jun 07, 2024 6:23pm

BWCG vote on TML deal on June 26

Set to be voted on later this month, Treasury Metals  (TML.v TSRMF) anticipated to buy Giustra-backed Blackwolf Copper and Gold (BWCG.v BWCGF), creating a stronger and more diversified company.

With the vote to be held on June 26, 2024, BWCG's Board of Directors and Special committee unanimously recommend voters vote in favour of the proposed arrangement
 
Pursuant to the Transaction, TML will acquire all of the issued and outstanding common shares of BWCG and, upon completion, existing TML and BWCG shareholders will own ~68.3% and 31.7% of TML respectively.
 
With a fortified balance sheet and combined cash position of more than C$10M post merger, cornerstone investor Frank Giustra will be leading a new capital market strategy, TML's current president and CEO will become the CEO and BWCG's CEO will be appointed as president.
 
Near-Term Gold Production Potential
Enhancing capabilities and advancing key mining projects, this deal would result in significant benefits to investors as it provides the potential for near term gold production from the Goliath Gold Complex, which has a projected NPV of $493M at 5% discount rate and IRR of 33.5% based on a gold price of US$1,950 per ounce.
 
Given its forecasted 13-year mine life, the anticipated production from the project is 109,000 ounces of gold annually at a cash cost of US$892 per ounce.
 
Further, with a renewed commitment to exploration, efforts are expected to be intensified with the Dryden, Ontario district, focused on expanding the current mineral resource area.
 
For more information, check out the latest interview with BWCG's CEO Morgan Lekstrom from Resource Talks regarding this deal: https://youtu.be/ekh3HV4aYhw?si=g5oVdTe85IVSYunR&t=8299
 
Latest News Release: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-mails-and-files-special-meeting-materials-in-connection-with-the-proposed-plan-of-arrangement-with-treasury-metals-inc/
 
Posted on behalf of Blackwolf Copper and Gold Ltd.
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