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Calibre Mining Shareholders Approve Marathon Gold Acquisition

RECENTLY ACQUIREDJan 16, 2024

Acquiring Company

Calibre Mining

Acquired Company

Marathon Gold

VancouverTorontoMiningPrecious MetalsMineralMining

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.

Quick answer

Calibre Mining is acquiring Marathon Gold, announced January 16, 2024. Calibre Mining is based in Vancouver, British Columbia, Canada.

How much did Calibre Mining pay for Marathon Gold?
The deal value was not disclosed.
What does Calibre Mining do?
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.
Where are Calibre Mining and Marathon Gold based?
Calibre Mining is based in Vancouver, British Columbia, Canada. Marathon Gold is based in Toronto, Ontario, Canada.
Who are the decision-makers at Calibre Mining?
Fundz holds 1 contact at Calibre Mining. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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.

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Frequently asked

Who acquired Marathon Gold?

Marathon Gold was acquired by Calibre Mining, based in Vancouver. The deal was reported on January 16, 2024. 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 Mining is privately held and operates in Mining.

When did Calibre Mining acquire Marathon Gold?

Calibre Mining's acquisition of Marathon Gold was reported on January 16, 2024. Calibre Mining Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Marathon Gold do?

Marathon (TSX:MOZ) is a Toronto-based gold company advancing its 100%-owned Valentine Gold Project located in the Central Region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. It is privately held, operating in Mining, and is based in Toronto.

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