Falcon Gold Corp. (TSXV: FG | 3FA: GR | OTCQB: FGLDF) has confirmed that its plan of arrangement under the Business Corporations Act (British Columbia) involving Latamark Resources Corp. has been completed.
The arrangement was approved by special resolution at a meeting of shareholders held on 8 September 2022. The company obtained a final order approving the arrangement from the Supreme Court of British Columbia on 14 September 2022, and the arrangement became effective on 2 November 2022.
Pursuant to the arrangement, holders of Falcon shares as of the close of business received one common share in the capital of Latamark every 5.8 common shares held in the company. Latamark has also issued 5,000,000 Latamark shares to Falcon, pursuant to the arrangement.
It is the intention of Latamark to raise new capital, and to seek a listing on the TSX Venture Exchange, however there is no assurance the company will be successful in doing so.
To find out more, please visit www.falcongold.ca