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Magnum Goldcorp ( (TSE:MGI) ) just unveiled an announcement.
Magnum Goldcorp has amended its amalgamation agreement with Atlantico Energy Metals, extending the deadline to complete the acquisition of Atlantico to March 31, 2026, and updating the terms to reflect that Atlantico has closed two tranches of a concurrent financing totaling approximately $1.22 million, with the possibility of additional tranches. The revised deal terms set the exercise price of Magnum consideration warrants at $0.15 per share for two years and align replacement broker warrants at the same exercise price until December 18, 2027, while separately the company plans to reprice 1,907,500 existing warrants to $0.15 and add an accelerated 30‑day expiry trigger if its share price trades 25% above the new exercise price, all subject to TSX Venture Exchange approval, signaling efforts to facilitate completion of the Atlantico transaction and potentially incentivize capital inflows from warrant holders.
More about Magnum Goldcorp
Magnum Goldcorp Inc. is a Vancouver-based company listed on the TSX Venture Exchange under the symbol MGI. It operates in the resource sector, focusing on mineral exploration and related corporate transactions to expand its asset base and strengthen its position in the junior mining and energy metals space.
Technical Sentiment Signal: Hold
Current Market Cap: C$1.17M
See more insights into MGI stock on TipRanks’ Stock Analysis page.