- Cornerstone Capital Resources (CGP) has completed the plan of arrangement with SolGold plc (SOLG)
- SolGold plc will acquire all of the issued and outstanding common shares of Cornerstone, excluding common shares of Cornerstone already held by SolGold
- Cornerstone shares are expected to de-list from the TSX Venture Exchange after the close of trading on February 28, 2023
- SolGold (SOLG) was down 4.00 per cent, trading at $0.24 as of 9:50 am ET
- Cornerstone Capital Resources Inc. (CGP) was up 1.47 per cent, trading at $3.45 at 9:50 am ET
Cornerstone Capital Resources (CGP) has completed the previously-announced plan of arrangement with SolGold plc (SOLG).
Under the plan, SolGold plc will acquire all of the issued and outstanding common shares of Cornerstone, excluding common shares of Cornerstone already held by SolGold. Holders of Cornerstone shares other than SolGold received 15 SolGold ordinary shares for each Cornerstone share held.
Cornerstone shares are expected to de-list from the TSX Venture Exchange after the close of trading on February 28, 2023.
Cornerstone Capital Resources is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including a direct and indirect interest in the Cascabel gold-enriched copper porphyry in northwest Ecuador.
SolGold is a developer of an exploration company intended to explore gold and copper mining properties. The company’s platform helps in the discovery, definition, and development of world-class copper-gold deposits, enabling systematic and discipline exploration of both metals.
SolGold (SOLG) was down 4.00 per cent, trading at $0.24 as of 9:50 am ET.
Cornerstone Capital Resources Inc. (CGP) was up 1.47 per cent, trading at $3.45 at 9:50 am ET.