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Macdonald Mines Exploration ( (TSE:BMK) ) has issued an announcement.
Macdonald Mines Exploration Inc. and Canuc Resources Corporation have announced a special meeting for shareholders to approve a statutory arrangement involving Canuc’s acquisition of all common shares of Macdonald Mines. The meeting is scheduled for March 31, 2025, and proxies will be accepted until the morning of the meeting. The company has clarified that there are no collateral benefits for its CFO or related parties as a result of the arrangement. Additionally, shares held by Canuc’s CEO will be excluded from voting to maintain corporate governance standards. The announcement highlights the company’s past financial difficulties and unsuccessful attempts to secure private placement financing, leading to the proposed acquisition by Canuc.
More about Macdonald Mines Exploration
YTD Price Performance: 70.0%
Average Trading Volume: 78,631
Technical Sentiment Signal: Hold
Current Market Cap: C$3.55M
For detailed information about BMK stock, go to TipRanks’ Stock Analysis page.