Calibre completes acquisition of Marathon
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Calibre Mining Corp. and Marathon Gold Corporation have announced the successful completion of the previously announced transaction pursuant to which, among other things, Calibre acquired all of the issued and outstanding common shares of Marathon.
Pursuant to the arrangement, former Marathon shareholders received 0.6164 of a Calibre common share in exchange for each Marathon Share held. As a result of the arrangement, Calibre issued an aggregate of 249 813 422 Calibre Shares. Upon closing of the arrangement, existing Calibre and former Marathon shareholders own approximately 65% and 35% of the issued and outstanding Calibre Shares, respectively.
As a result of the arrangement, Calibre acquired a 100% interest in Marathon’s advanced-stage Valentine Gold Project in Newfoundland and Labrador, one of the top mining jurisdictions in the world.
Read the article online at: https://www.globalminingreview.com/finance-business/29012024/calibre-completes-acquisition-of-marathon/
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