Contact Gold Corp (TSE:C) has released an update.
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Contact Gold Corp. has announced that its securityholders have resoundingly approved the acquisition by Orla Mining Ltd., with 99.97% support from votes cast at a special meeting. The agreement entails Contact Gold shareholders receiving a fraction of Orla common shares for each share they hold, with the transaction expected to close by the end of April 2024, subject to court approval and customary conditions. Contact Gold, known for its focus on gold exploration in Nevada, highlights its significant land holdings in the region’s renowned gold trends.
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