- Golden Sun Mining Corp (GSU) has acquired 1328012 B.C. Ltd (132) through a reverse takeover
- The company has been approved to start trading on the CSE under the ticker symbol GSU
- The company issued 20,000,100 common shares and 20,000,000 common share purchase warrants to former 132 shareholders
- Golden Sun Mining Corp is a mineral exploration stage company
- The shares of Golden Sun Mining Corp. will start trading at the market open on May 24
Golden Sun Mining (GSU) has acquired 100 per cent of the issued and outstanding shares of 1328012 B.C. Ltd. (132) by way of a reverse takeover transaction.
The company will commence trading on the Canadian Securities Exchange under the ticker symbol GSU.
“Today marks an important milestone in Golden Sun Mining Corp’s history,” stated Jason Latkowcer, Chief Executive Officer.
“With the closing of this transaction and commencement of public trading on the CSE, the company will immediately shift its focus towards advancing our flagship asset, the Green Energy Lithium Project,” he added.
The Green Energy Lithium Project is located in the Paradox Basin, Utah.
The company issued 20,000,100 common shares and 20,000,000 common share purchase warrants to former 132 shareholders.
The company also granted 1,300,000 options to purchase common shares to directors, officers and consultants of the company.
Each option is exercisable to acquire one common share of the company at a price of $0.35 per share for a period of two years from the date of issuance, and has vested upon issuance.
Golden Sun Mining Corp is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in North and South America.
Golden Sun Mining Corp’s shares will start trading at the market open on May 24.