Madison Metals Inc. Completes Its Acquisition Of The Richard Lake Uranium Project
Jan 13, 2022•almost 4 years ago
Acquiring Company
Madison Metals
Acquired Company
Richard Lake Uranium Project
Description
Madison Metals Inc. (the “Company”) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition”) from 2160083 Ontario Inc. of a 100% interest in Richard Lake Uranium Project consisting of approximately 1,411 unpatented mineral claims located around Kenora, Ontario. The consideration for the Acquisition consisted of 8,000,000 common shares in the capital of the Company (the “Consideration Shares”). The Consideration Shares are subject to certain escrow release conditions.
M&A Insights
Based on deal dataIntegration 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
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Success factor
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