Constantine Metal Resources Ltd. completed the Spin-Off of HighGold Mining Inc.
The arrangement will be subject to TSX Venture Exchange, regulatory and court approval, the approval of the Constantine's shareholders at an annual general and special meeting on July 25, 2019 as well as management, approval by HoghGold shareholders and the Board's continued discretion. The listing of HighGold's common shares on the TSX Venture Exchange will also be subject to HighGold fulfilling all of the requirements of the TSX Venture Exchange, including closing of the concurrent private placement, registered shareholders who oppose the arrangement may on compliance with dissenters procedure exercise there dissent rights. The deal is expected to close on or about July 31, 2019. The deal was unanimously recommended by Board of Constantine Metal Resources Ltd. As of July 25, 2019, the transaction is approved by the shareholders of Constantine. As of July 26, 2019, the transaction is approved by the Supreme Court of British Columbia. The record date for the transaction is June 31, 2019. As of July 26, 2019, the transaction is expected to close on August 1, 2019. Computershare Investor Services Inc. acted as transfer agent, Durose Asset management Inc. acted as fairness opinion advisor and Ruby Chan, David Reid. J. Brent MacLean of DLA Piper (Canada) LLP acted as legal advisors for Constantine Metal Resources Ltd.
Constantine Metal Resources Ltd. (TSXV:CEM) completed the spin-off of HighGold Mining Inc. on August 1, 2019. HighGold Mining have applied for listing of shares on TSX Venture Exchange.