Canadian explorer Falcon Gold Corp. (TSXV: FG | GR: 3FA | OTCQB: FGLDF) has obtained a final order from the Supreme Court of British Columbia. It approves the previously announced spin-out by way of plan of arrangement under sections 288 and 291 of the Business Corporations Act (British Columbia) involving its wholly-owned subsidiary, Latamark Resources Corp.
Falcon and Latamark anticipate implementing the arrangement on or about 2 November 2022. Holders of Falcon common shares as of the close of business on 28 October 2022 will be entitled to receive one common share in the capital of Latamark for every 5.8 common shares held in Falcon. Latamark will also issue 5,000,000 Latamark shares to Falcon as part of the arrangement.
Falcon received the required shareholder approval in connection with the arrangement at its special meeting of shareholders held on 8 September 2022.
Additional information about the arrangement are detailed in Falcon’s Information Circular filed on the company’s profile on SEDAR at www.sedar.com.
About Falcon Gold
Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon’s flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit. Falcon holds 14 additional projects.
To find out more, visit: https://falcongold.ca/
