Golden Spike Resources Corp. (CNSX:GLDS) entered into a non-binding letter of intent to acquire Golden Horizon Exploration Corp. on June 16, 2022. Golden Spike Resources Corp. entered into an amalgamation agreement to acquire Golden Horizon Exploration Corp. on July 11, 2022. The shareholders of Golden Horizon will receive one common share in the capital of Golden Spike for each common share of Golden Horizon held, resulting in the company issuing an aggregate of 11,300,000 Golden Spike shares, which represents approximately 35.76% of the issued and outstanding Golden Spike shares. Upon completion of the Transaction, it is expected that all of the existing board of directors of the Company will remain in place. The transaction is subject to due diligence investigation, approval of the shareholders of Golden Horizon, receipt of all requisite regulatory and third party approvals. The transaction is expected to close shortly.

Golden Spike Resources Corp. (CSE:GLDS) completed the acquisition of Golden Horizon Exploration Corp on July 20, 2022. DuMoulin Black LLP acted as legal advisor to Golden Spike Resources and Harper Grey LLP acted as legal advisor to Golden Horizon Exploration