Day: March 15, 2021

CBLT Updates M&A and Announces Warrants Expiry

MotherlodeTV
CBLT.v, gold
info

On March 1, 2021 CBLT Inc. (TSXV: CBLT) (“CBLT”) announced it had reached a meeting of the minds with an arm’s length third party for CBLT to acquire a greenfield Ontario mining asset that is prospective for some of the battery metals. Since then CBLT’s due diligence review showed two additional arm’s length parties having an ownership interest in that property. CBLT has entered into good faith discussions with those additional parties and has a reasonable expectation it will be able to convert those discussions into a binding agreement. There are no assurances that the parties will be able to reach a definitive agreement, or that the contemplated transaction would close as contemplated or at all. read more

Gran Colombia and Gold X Execute Arrangement Agreement for the Creation of a Mid-Tier Latin American-Focused Gold Producer

MotherlodeTV
T.GCM, Gran Colombia, gold, Colombia

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) (“Gran Colombia”) and Gold X Mining Corp. (TSXV: GLDX) (“Gold X”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement”) pursuant to which Gran Colombia will acquire all of the issued and outstanding common shares of Gold X (the “Gold X Shares”) not already owned by Gran Colombia by way of a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia).   Gran Colombia currently owns 9,571,158 shares of Gold X, or approximately 18% of the Gold X Shares outstanding. read more