Acme Gold Co. Ltd. (TSE:AGE) has released an update.
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Acme Gold Company Limited has announced plans to acquire Canadian Global Energy Corp, marking a reverse takeover, which will see CGE become a wholly-owned subsidiary. This strategic move includes the acquisition of an offshore hydrocarbon reconnaissance license in Liberia, highlighting potential resource-rich opportunities in the region. As part of the transaction, Acme intends to list on the TSX Venture Exchange and rebrand as Blu Energies Ltd.
For further insights into TSE:AGE stock, check out TipRanks’ Stock Analysis page.