Royal Fox Gold, a mineral exploration company focused on the development of the Philibert Project, has seen all of its issued and outstanding common shares acquired by Northern Superior Resources, a gold exploration company. With this transaction, Northern Superior is now positioned as a leading company in the Chapais-Chibougamau district, a mining-friendly region that produce over 6.7 million ounces of gold and that host several major deposits. For Royal Fox, every former shareholders has received 0.12 of a Northern Superior common share and a contingent consideration in the form of one contingent value right to receive additional shares of Northern Superior Resources following a resource estimate to be completed on the Philibert Project following the closing of the transaction.
A Fasken team composed of Frank Mariage, Jean-Philippe Côté, Laura Fabi, Vincent Maltais, Youcef Belrachid, Ryan Rabinovitch et Brad Moore advised Royal Fox Gold with this transaction.
Jurisdiction
- Québec
