Hemlo Explorers Closes Acquisition of Rocky Shore Metals and its Gold Anchor Project [Financial Post (Toronto, Ontario, Canada)]
New Found Gold Corp (NFGC)
Company Research
Source: Financial Post
TORONTO, Sept. 05, 2024 (GLOBE NEWSWIRE) — Hemlo Explorers Inc. (the “Company” or “Hemlo”) (CSE: HMLO) is pleased to announce completion of the purchase of Rocky Shore Metals Ltd. (“Rocky Shore”) on September 4, 2024 pursuant to which the Company has acquired all of the issued and outstanding common shares of Rocky Shore (“Rocky Shore Shares”) in exchange for the issuance of an aggregate of 49,999,704 common shares (“Hemlo Shares”) in the capital of the Company (the “Transaction”). Under the terms of the Transaction, each Rocky Shore Share received 2.832 Hemlo Shares. Hemlo now has 100,724,624 Hemlo Shares outstanding. Prior to the closing, the Company obtained the written consents of disinterested shareholders owning more than 50% of the outstanding Hemlo Shares authorizing the Transaction to proceed. Transaction Highlights: Acquisition of 100% ownership of six (6) grass roots gold projects in a Tier 1 jurisdiction (Newfoundland and Labrador, Canada) with no underlying royalti
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NFGC
Sec Filings
- 11/19/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/12/24 - Form 6-K
- NFGC's page on the SEC website