ROK Resources (TSE:ROK) has released an update.
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ROK Resources has announced a strategic Share Exchange Agreement with EMP Metals Corp., acquiring a 17.11% stake in the publicly-traded company. This move, which involves the exchange of Hub City Lithium shares for EMP Metals shares, is set to enhance shareholder value without tax consequences, thanks to specific rollover provisions. Additionally, ROK will play a significant role in the management of EMP Metals with the appointment of Bryden Wright to its Board of Directors.
For further insights into TSE:ROK stock, check out TipRanks’ Stock Analysis page.
