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MAS Gold ( (TSE:MAS) ) just unveiled an announcement.
MAS Gold Corp. shareholders have overwhelmingly approved a business combination with Eros Resources Corp. and Rockridge Resources Ltd. This transaction involves Eros acquiring all outstanding shares of MAS Gold and Rockridge, leading to a merger where existing Eros, MAS Gold, and Rockridge shareholders will own 42.37%, 37.33%, and 20.30% of the combined company, respectively. The merger aims to consolidate resources and enhance market positioning in the mineral exploration industry, pending final court approvals and customary closing conditions expected to conclude by mid-January 2025.
More about MAS Gold
MAS Gold Corp. is a Canadian mineral exploration company focused on advancing its gold exploration projects in the prospective La Ronge Gold Belt of Saskatchewan.
YTD Price Performance: 0%
Average Trading Volume: 315,457
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.84M
Learn more about MAS stock on TipRanks’ Stock Analysis page.
