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The latest announcement is out from Cerrado Gold ( (TSE:CERT) ).
Cerrado Gold Inc. has successfully completed a business combination with Ascendant Resources Inc., making Ascendant a wholly owned subsidiary. This strategic move, finalized under a plan of arrangement, involves the exchange of Ascendant shares for Cerrado shares and is expected to enhance Cerrado’s market positioning. The transaction will lead to the delisting of Ascendant shares from the TSX and the cessation of its public reporting obligations. Rui Santos, a prominent figure in the mining sector, joins Cerrado’s board, potentially strengthening the company’s expertise in international mining operations.
More about Cerrado Gold
Cerrado Gold Inc. operates in the mining industry, focusing on gold exploration and production. The company is listed on the TSXV and OTCQX markets, indicating a focus on expanding its market presence and shareholder base.
Average Trading Volume: 283,028
Technical Sentiment Signal: Buy
Current Market Cap: C$60.12M
For an in-depth examination of CERT stock, go to TipRanks’ Stock Analysis page.