Captivision (CAPT) announced the execution of a letter of intent for the transformative acquisition of Montana Tunnels Mining and the Montana Tunnels Mine, a wholly owned subsidiary and asset of Montana Goldfields. Captivision will be repositioned as a diversified gold mining and related services company, renamed Montana Gold Inc. and will begin trading on Nasdaq under the ticker symbol “MGI” upon completion of the acquisition. Under the terms of the LOI, Captivision will acquire MTMI and the Montana Tunnels Mine asset using the Company’s newly issued ordinary shares in a ratio based on a relative pre-transaction value of $750 million and the Company of $50 million. The transaction, which is subject to negotiation of definitive documents reflecting usual and customary closing conditions, completion of audited financial statements, and regulatory review, is expected to close by the First Quarter 2026.
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