MAS Gold Joins Major Three-Way Mining Merger

MAS Gold (TSE:MAS) has released an update.

Eros Resources, MAS Gold, and Rockridge Resources have agreed to a three-way merger, creating a new entity focused on the exploration and development of high-grade gold and copper in Saskatchewan, Canada. The merged company will combine their assets for a total of approximately 77,890 hectares of mineral claims, with Eros shareholders owning 42.37%, MAS Gold shareholders 37.33%, and Rockridge shareholders 20.30%. The merger is expected to create a robust exploration company with a strong balance sheet, valued at over $7.5 million in equities.

For further insights into TSE:MAS stock, check out TipRanks’ Stock Analysis page.