MAS Gold ( (TSE:MAS) ) just unveiled an announcement.
Eros Resources Corp., MAS Gold Corp., and Rockridge Resources Ltd. have successfully completed a three-way merger, resulting in Rockridge and MAS Gold becoming wholly-owned subsidiaries of Eros. This merger combines high-grade gold and copper assets from Saskatchewan with Eros’ equity portfolio, marking a strategic consolidation in the resources sector. Following shareholder and court approvals, the exchange of shares has been structured with Eros shareholders owning 42.37%, former MAS Gold shareholders holding 37.33%, and former Rockridge shareholders possessing 20.30% of the newly merged entity. The merger is expected to enhance the companies’ market positioning and operational efficiency.
More about MAS Gold
YTD Price Performance: 50.0%
Average Trading Volume: 220,365
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.76M
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