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Magnum Goldcorp ( (TSE:MGI) ) has provided an update.
Magnum Goldcorp Inc. has announced a proposed reverse takeover transaction with Atlantico Energy Metals Inc., aiming to acquire all outstanding shares of Atlantico. This transaction, subject to TSX Venture Exchange approval, involves exchanging Atlantico shares for Magnum’s consideration units, each comprising a common share and a warrant. Atlantico plans a private placement to raise $1,380,000 for transaction-related expenses and exploration activities. The completion of the transaction is contingent on several conditions, including due diligence and necessary approvals.
More about Magnum Goldcorp
Average Trading Volume: 14,632
Technical Sentiment Signal: Buy
Current Market Cap: C$1.17M
For detailed information about MGI stock, go to TipRanks’ Stock Analysis page.