https://www.engineeringnews.co.za
Aggregate|Gold|Mining|PROJECT
Aggregate|Gold|Mining|PROJECT
aggregate|gold|mining|project

Calibre completes acquisition of Marathon

26th January 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

TSX-listed Calibre Mining has acquired all of the issued and outstanding common shares of fellow-listed Marathon Gold, pursuant to a court-approved plan of arrangement.

As a result of the arrangement, Calibre acquired a 100% interest in Marathon’s advanced-stage Valentine gold project in Newfoundland and Labrador.

Pursuant to the arrangement, former Marathon shareholders received 0.6164 of a Calibre common share in exchange for each Marathon share held.

As a result of the arrangement, Calibre issued an aggregate 249.8-million Calibre shares.

Upon closing of the arrangement, existing Calibre and former Marathon shareholders own about 65% and 35% of the issued and outstanding Calibre shares, respectively.

Marathon will now delist from the TSX.

Calibre also announced the appointment of Matthew Manson, the former president, CEO and director of Marathon, to the board of directors of Calibre, effective January 25.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.362 0.422s - 158pq - 2rq
Subscribe Now