Mayo Lake Minerals, Inc. (TSE:MLKM) has released an update.
Mayo Lake Minerals Inc. is advancing in its merger with WestMountain Gold, Inc., aiming to complete the transaction in early 2024, which will result in a significant increase in shared resources, including over 2 million ounces of gold. The merger remains contingent upon final agreements and regulatory approvals, but progress has been positive with due diligence satisfying both parties. Upon completion, Mayo will reorganize its board and assume $3 million of WestMountain’s secured notes.
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