- Baden (BDN) informs of an update on the transaction with Northstar Gaming Inc
- The companies have agreed to amend the terms of their business combination to extend the outside date for completion
- NorthStar has raised $10,075,000 for the completion of the proposed transaction
- The company will continue to raise capital in the future
- Baden Resources is a mineral exploration company in British Columbia
- Baden Resources (BDN) is unchanged on the day, trading at C$0.20 at 1:25 pm EST.
Baden Resources (BDN) made some changes to its previously announced proposed reverse takeover.
Baden and NorthStar have agreed to amend the terms of their business combination to extend the outside date to January 30, 2023.
On November 23, 2022, Baden held an annual and special shareholders’ meeting in which all shareholder resolutions necessary to complete the proposed transaction were approved.
NorthStar has managed to raise $10,075,000 to complete the proposed transaction.
NorthStar is continuing its efforts to raise additional funds.
Both companies are continuing to work towards satisfying all conditions of closing the transaction
Baden Resources is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties in British Columbia.
Baden Resources (BDN) is unchanged on the day, trading at C$0.20 at 1:25 pm EST.