logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Calibre Mining Shareholders Approve Marathon Gold Acquisition

Jan 16, 2024•almost 2 years ago

Acquiring Company

Calibre Mining

Acquired Company

Marathon Gold Corporation

VancouverTorontoMiningMining

Description

Calibre Mining Corp. is pleased to announce that shareholders voted overwhelmingly in favor of the resolution approving the issuance of up to 315,664,294 common shares of Calibre in connection with the proposed acquisition of Marathon Gold Corporation by way of a plan of arrangement. The arrangement is expected to be completed on January 24, 2024, subject to approval by the Ontario Superior Court of Justice (Commercial List) and satisfaction of certain other closing conditions.

Company Information

Company

Calibre Mining

Location

Vancouver, British Columbia, Canada

About

Calibre is a Canadian-listed, Americas-focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Nevada and Washington in the USA, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, no debt, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities, Calibre will unlock significant value.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed