on Reyna Gold Corp (isin : CA76170R1047)
Reyna Gold's Acquisition by Reyna Silver Approved
Vancouver-based Reyna Gold Corp. has received both shareholder and court approval for its acquisition by Reyna Silver Corp. The transaction was endorsed by Reyna Gold's shareholders during a special meeting on October 8, 2024, and confirmed by the Supreme Court of British Columbia as fair. Under the terms, Reyna Gold shareholders will receive one Reyna Silver share for every three Reyna Gold shares owned.
The merger has been praised for strengthening exploration potential. The transaction needs TSXV’s final approval and is expected to close by October 17, 2024, after which Reyna Gold will be delisted and become a wholly-owned subsidiary of Reyna Silver.
Additionally, Reyna Gold will issue shares to directors to resolve $41,937.50 in outstanding fees. Both the acquisition and share transactions are awaiting customary regulatory approvals but are anticipated to proceed without issue.
R. P.
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