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The latest announcement is out from ExGen Resources ( (TSE:EXG) ).
ExGen Resources has completed its court-approved acquisition of MTB Metals Corp., exchanging each MTB share for 0.286 of an ExGen share and assuming MTB’s options and warrants on adjusted terms, bringing ExGen’s total shares outstanding to 109,149,808. The deal, which received securityholder and judicial approval, will see MTB delisted from the TSX Venture Exchange and cease to be a reporting issuer, while ExGen integrates MTB’s assets and team—including new director Mark T. Brown—as it positions itself to scale up as an emerging royalty-focused company and pursue further partnerships and acquisitions in the mining sector.
More about ExGen Resources
ExGen Resources Inc. is a Vancouver-based project accelerator in the mining and exploration sector, focused on funding the exploration and development of its projects through joint ventures and partnership agreements. This model is designed to reduce ExGen’s technical and financial risk while preserving upside exposure to new mineral discoveries and future cash flow. The company aims to build a diversified portfolio across different exploration stages and commodity groups and currently holds seven projects in Canada and the United States.
Average Trading Volume: 44,706
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$9.82M
For a thorough assessment of EXG stock, go to TipRanks’ Stock Analysis page.