An update from Macdonald Mines Exploration ( (TSE:BMK) ) is now available.
Macdonald Mines Exploration Inc. and Canuc Resources Corporation have entered into a definitive arrangement agreement where Canuc will acquire all of Macdonald Mines’ issued and outstanding shares. The transaction, structured as a three-cornered amalgamation, will result in Macdonald Mines shareholders receiving Canuc shares and holding approximately 30% of Canuc’s shares post-transaction. Completion is subject to various conditions, including shareholder and court approvals, regulatory approvals, and Canuc completing a financing round.
More about Macdonald Mines Exploration
YTD Price Performance: 20.0%
Average Trading Volume: 47,367
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.28M
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