on MacDonald Mines Exploration Ltd. (isin : CA5543247079)
MacDonald Mines Corrects Acquisition Terms with Canuc Resources
On December 3, 2024, MacDonald Mines Exploration Ltd. announced a correction regarding its earlier news release about a non-binding letter of intent with Canuc Resources Corporation. The revised aggregate consideration for the acquisition of MacDonald Mines by Canuc is now $5,040,000, not $3,365,400 as previously stated. Canuc will issue 72 million common shares to MacDonald's shareholders.
This agreement is set to remain until April 30, 2025, and is contingent on regulatory approvals and satisfactory due diligence. Should the acquisition finalize, MacDonald's shares will be delisted from the TSX Venture Exchange, and its shareholders will become shareholders of Canuc.
There is no guarantee that the transaction will be completed as outlined. Further updates will be provided as new information arises.
R. P.
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