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Mountain Boy Minerals ( (TSE:MTB) ) has shared an announcement.
ExGen Resources has completed its court-approved acquisition of MTB Metals Corp., issuing 0.286 ExGen shares for each MTB share and exchanging all outstanding MTB options and warrants into ExGen equivalents based on the same ratio. The transaction, which received securityholder and court approval, increases ExGen’s share count to 109.1 million, brings MTB’s assets and team under the ExGen umbrella, and is intended to support ExGen’s strategy of scaling into an emerging royalty company and expanding its project portfolio through future partnerships and acquisitions; MTB’s shares will be delisted from the TSX Venture Exchange, and ExGen plans to have MTB cease to be a reporting issuer, consolidating the combined entity’s capital markets presence.
More about Mountain Boy Minerals
ExGen Resources Inc. is a North American mineral project accelerator that finances exploration and development through joint ventures and partnership agreements, aiming to reduce technical and financial risk while retaining exposure to potential discoveries and future cash flow. The company is building a diversified portfolio across multiple commodities and stages of exploration, and currently holds seven projects in Canada and the United States, positioning itself as an emerging royalty and project-generation player in the mining sector.
Average Trading Volume: 277,063
Technical Sentiment Signal: Hold
Current Market Cap: C$4.22M
See more insights into MTB stock on TipRanks’ Stock Analysis page.