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South Atlantic Gold ( (TSE:SAO) ) has provided an announcement.
South Atlantic Gold Inc. and ValOre Metals Corp. have announced the postponement of their shareholder meeting to approve a proposed amalgamation, now rescheduled for June 27, 2025. This delay allows more time for shareholder engagement and proxy submission, with the amalgamation expected to be completed on July 3, 2025, pending necessary approvals. The amalgamation will see ValOre indirectly acquiring all shares of South Atlantic, enhancing its market position and operations.
More about South Atlantic Gold
ValOre Metals Corp. is a Canadian company focused on deploying capital and expertise on projects with significant prior investment, high-value mineralization, and potential for value addition through exploration and innovation.
Average Trading Volume: 360,700
Technical Sentiment Signal: Buy
Current Market Cap: C$2.74M
For a thorough assessment of SAO stock, go to TipRanks’ Stock Analysis page.