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Manitou Gold Announces Friendly Acquisition By Alamos Gold At A 100% Premium To Market

PRIVATEFeb 28, 2023

Acquiring Company

Manitou Gold

Acquired Company

Manitou Gold

MiningPrecious MetalsMineralMiningPrecious MetalsMineral

Description

MANITOU GOLD INC. (TSX-V: MTU) ("Manitou") is pleased to announce that it has entered into a definitive arrangement agreement (the "Agreement") dated February 28, 2023 pursuant to which Alamos Gold Inc. (TSX: AGI, NYSE: AGI) (“Alamos”) will acquire all of the outstanding common shares of Manitou ("Manitou Shares") not already owned by Alamos, by plan of arrangement for deemed consideration of C$0.05 per Manitou Share (the "Arrangement"), representing a total transaction value of approximately C$17.2 million (including shares already owned by Alamos).

Quick answer

Manitou Gold is acquiring Manitou Gold, announced February 28, 2023.

How much did Manitou Gold pay for Manitou Gold?
The deal value was not disclosed.

Source: Fundz verified event record.

Other recent acquisitions in Mining and Precious Metals

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Manitou Gold

About

Manitou Gold Inc. is a Canadian exploration company that has consolidated over 360 km2 of prospective gold properties on the Michipicoten Archean Greenstone Belt, between the Island Gold Mine (operated by Alamos Gold Inc.) to the west and, to the east, the former producing Renabie Gold Mine, (owned by Barrick Gold). The lands assembled consist of 37 kilometres of strike length with at least seven under-explored large-scale deformation zones showing favorable lithology supported by more than 50 government-documented and registered gold occurrences. Manitou Gold also owns a 148 km2 land package of highly prospective gold properties located in the historical Gold Rock District, in Northwestern Ontario (Dryden). All scientific and technical information contained in this press release has been prepared under the supervision of Richard Murphy, the President and Chief Executive Officer of Manitou and a "qualified person" within the meaning of National Instrument 43-101.

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Frequently asked

Who acquired Manitou Gold?

Manitou Gold was acquired by Manitou Gold. The deal was reported on February 28, 2023. Manitou Gold Inc. Manitou Gold is privately held and operates in Mining.

When did Manitou Gold acquire Manitou Gold?

Manitou Gold's acquisition of Manitou Gold was reported on February 28, 2023. MANITOU GOLD INC. (TSX-V: MTU) ("Manitou") is pleased to announce that it has entered into a definitive arrangement agreement (the "Agreement") dated February 28, 2023 pursuant to which Alamos Gold Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Manitou Gold do?

Manitou Gold Inc. It is privately held, operating in Mining.

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