Steppe Gold Ltd. (TSX: STGO) and Anacortes Mining Corp. have agreed to extend the parties’ binding letter of intent dated March 6, 2023.
Under that agreement, Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Anacortes by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia), in an all-share transaction.
The Extension Letter Agreement extends the exclusivity period between Steppe and Anacortes in the Binding Agreement from April 17, 2023 to May 5, 2023, or such earlier or later time as Steppe Gold and Anacortes mutually agree, in order to provide more time for the parties to complete due diligence and enter into a definitive agreement.
For further information please visit: https://steppegold.com/
