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Macdonald Mines Exploration ( (TSE:BMK) ) has issued an announcement.
MacDonald Mines Exploration Ltd. announced a correction to a previous release regarding a non-binding letter of intent with Canuc Resources Corporation, in which Canuc will acquire all outstanding shares of MacDonald Mines for $5,040,000, rather than the initially stated $3,365,400. The transaction’s completion depends on various conditions including shareholder and regulatory approvals, and due diligence by Canuc. If successful, MacDonald Mines’ shares will be delisted from the TSX Venture Exchange, and its shareholders will become shareholders of Canuc, potentially impacting the company’s market presence and operations.
More about Macdonald Mines Exploration
MacDonald Mines Exploration Ltd. is a Canadian exploration company dedicated to exploring critical and precious metals within a Metasomatic Iron alkali-calcic (MIAC) mineral system. Their primary focus is on the SPJ Project, located near Sudbury Mining Camp in Northern Ontario. The project targets polymetallic and iron-rich to iron-poor showings, with potential for metals such as nickel, cobalt, copper, and platinum group elements.
YTD Price Performance: 10.0%
Average Trading Volume: 48,586
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$1.9M
For a thorough assessment of BMK stock, go to TipRanks’ Stock Analysis page.