Effective February 23, 2022, NSGold Corporation completed the sale of the company by amalgamating with 13611647 Canada Limited, a newly incorporated wholly owned subsidiary of Atlantic Mining NS Inc. (“Atlantic”). In the amalgamation, Atlantic acquired all of the issued and outstanding shares of NSGold at a price of $0.40 per share in cash. Atlantic is a subsidiary of St Barbara Limited (ASX: SBM). The total consideration for the sale of NSGold was approximately CAD $7.9 million. The transaction was approved by NSGold shareholders at a special meeting held on February 15, 2022, with a positive vote of approximately 99.99% of the shares voted. Upon the completion of the sale, the shares of NSGold were delisted from the TSX Venture Exchange.
NSGold’s core asset is the 100% owned Mooseland Gold Property located in Halifax County, Nova Scotia.
Fasken, with a team comprised of Janie Harbec and Vincent Maltais (securities) and Alain Ranger and Gabriel Paradis (tax), acted as legal counsel to NSGold Corporation in connection with the transaction.
NSGold’s core asset is the 100% owned Mooseland Gold Property located in Halifax County, Nova Scotia.
Fasken, with a team comprised of Janie Harbec and Vincent Maltais (securities) and Alain Ranger and Gabriel Paradis (tax), acted as legal counsel to NSGold Corporation in connection with the transaction.
Jurisdiction
- Québec
