- California Gold (CGM) shareholders have formally approved an acquisition plan with Stratabound Minerals
- The arrangement will see Stratabound acquire all of the issued and outstanding common shares of California Gold
- Each California GoldShareholder will receive one common share of Stratabound for each California Gold Share held
- It is expected that California Gold will apply for a final order of the Ontario Superior Court of Justice for approval of the arrangement on July 5, 2021
- California Gold is up 3.7 per cent, trading at $0.14 at 2:11 pm ET
California Gold (CGM) shareholders have formally approved an acquisition plan with Stratabound Minerals.
The arrangement will see Stratabound acquire all of the issued and outstanding common shares of California Gold.
Under the arrangement, each California Gold Shareholder will receive one common share of Stratabound for each California Gold Share held.
It is expected that California Gold will apply for a final order of the Ontario Superior Court of Justice for approval of the arrangement on July 5, 2021.
California Gold Mining is based in Ottawa, Ontario, while Stratabound Minerals is headquartered in Toronto.
California Gold Mining’s flagship Fremont gold project located in Mariposa County, California lies within California’s prolific Mother Lode Gold Belt.
Stratabound Minerals is an exploration and development company focused on gold exploration at its flagship Golden Culvert Project, Yukon Territory and its new McIntyre Brook Project, New Brunswick, Canada. The company also holds a significant land position that hosts three base metals deposits in the Bathurst base metals camp of New Brunswick featuring the Captain Copper-Cobalt-Gold Deposit.
California Gold is up 3.7 per cent, trading at $0.14 at 2:11 pm ET.