Treasury Metals (TSE:TML) has released an update.
Treasury Metals Inc. has successfully completed its acquisition of Blackwolf Copper and Gold Ltd., with the newly combined entity set to adopt a strategic growth plan focused on building and acquiring near-term assets. Shareholders of Blackwolf will receive 0.607 Treasury shares for each Blackwolf share, resulting in a 68% to 32% ownership split between Treasury and former Blackwolf shareholders post-transaction. The company has also finalized the first tranche of its Concurrent Financing, raising C$4.4 million through the sale of flow-through units.
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