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Satori Resources ( (TSE:CGC) ) has provided an update.
Canadian Gold Corp. announced that its shareholders have overwhelmingly approved a business combination with McEwen Inc., to be executed through a statutory plan of arrangement. The arrangement received significant support, with 99.998% of votes in favor, and is subject to customary conditions and final court approval, anticipated to close by January 5, 2026. This merger is expected to enhance Canadian Gold’s operations and market positioning, potentially benefiting stakeholders by expanding its resource base and leveraging McEwen’s expertise.
More about Satori Resources
Canadian Gold Corp. is a Canadian-based mineral exploration and development company focused on expanding the high-grade gold resource at the Tartan Mine in Flin Flon, Manitoba. The company also holds interests in greenfield exploration properties in Ontario and Quebec, near major Canadian gold mines and development projects. McEwen Inc. holds a 5.6% interest in Canadian Gold, and Robert McEwen, founder and former CEO of Goldcorp, holds a 32.5% interest.
Average Trading Volume: 370,511
Technical Sentiment Signal: Buy
Current Market Cap: C$122.1M
For an in-depth examination of CGC stock, go to TipRanks’ Overview page.