Florida Canyon Gold Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Florida Canyon Gold Inc
Perm ID: 1-5089272963
https://www.floridacanyongold.com/
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Florida Canyon Gold Announces Closing of the Sale of its Mexican Business Unit to Heliostar Metals
Florida Canyon Gold Inc. has completed the sale of its interests in the San Agustin mine, El Castillo mine, La Colorada mine, Cerro del Gallo project, and San Antonio project to Heliostar Metals Ltd. for a total cash consideration of US$10,000,000. The sale includes all issued and outstanding shares of the company's Mexican subsidiaries. As a result, Florida Canyon Gold Inc. no longer holds assets in Mexico, with Heliostar assuming all responsibilities for the Mexican Business Unit. This marks a significant step towards the completion of the company's plan of arrangement transaction.
Florida Canyon Gold Receives Final Order of the Ontario Superior Court of Justice to Approve Arrangement with Integra
Florida Canyon Gold Inc. (FCGI) has received final court approval for its pending arrangement transaction with Integra Resources Corp. The transaction, anticipated to close in November, involves Integra acquiring all issued and outstanding common shares of FCGI. In return, FCGI shareholders will receive 0.467 of a common share of Integra. This deal is subject to other closing conditions, including the sale of FCGI's Mexican assets to Heliostar Metals Ltd. FCGI is a junior gold producer with assets in the United States and Mexico.
Florida Canyon Shareholders Overwhelmingly Approve Arrangement with Integra
Florida Canyon Gold Inc.'s shareholders have approved a plan for Integra Resources Corp. to acquire all of its issued and outstanding common shares. The arrangement had overwhelming support, with 99.71% of votes in favor. In exchange for their shares, shareholders will receive 0.467 of a common share of Integra for each share they hold. The decision was made at a special meeting where approximately 73.87% of the total shares were represented.
