Atlantic applies to delist from ASX
PERTH (miningweekly.com) – Junior Atlantic Gold on Thursday said that it would apply to the ASX to have its official listing removed, following the merger with TSX-listed Atlantic Gold Corporation, which was formally known as Spur Ventures.
Under the merger agreement, the then Spur acquired all the ordinary shares of Atlantic. Atlantic shareholders received 0.05564 of a common share in Spur and 0.02782 of a share purchase warrant in Spur for each Atlantic share held.
Each of the share purchase warrants could be exercisable for a period of four years from the closing date of the transaction, at an exercise price of C$0.60 each until August 20.
The newly named Atlantic Gold Corporation said on Thursday that it had issued more than 46.27-million common shares and more than 23.13-million share purchase warrants under the scheme.
Out of the more than 46-million shares issued, some 42.5-million CHESS depository interests would be listed on the ASX, and a further 3.7-million would be listed on the TSX. Of the more than 23-million warrants issued, some 21.2-million would be listed on the ASX, with the remainder to be listed on the TSX.
Atlantic Gold Corporation was expected to start trading on the ASX on August 22.
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