logo-loader
viewConstantine Metal Resources Ltd.

Constantine Metal Resources completes spin-out of gold assets to HighGold Mining

Under the terms of the deal, Constantine shareholders received one HighGold share for every three Constantine ones held

Gold nuggets
HighGold Mining now was assets in Alaska, Yukon, and Ontario

Constantine Metal Resources Ltd (CVE:CEM) (OTCMKTS:CNSNF) has completed the spin-out of its gold assets to HighGold Mining Inc, it said Friday.

Under the terms of the deal, Constantine shareholders received one HighGold share for every three Constantine ones held.

READ: Constantine Metal Resources targets June 2020 to begin underground exploration at Palmer

HighGold now holds the following assets:

  • the Johnson Tract gold- silver-zinc-copper, lead project in Alaska
  • the Munro-Croesus project, the Golden Mile project and the Golden Perimeter project, in the Timmins Gold Camp, Ontario
  • A Yukon joint venture project; and certain royalty rights in Ontario.

With effect from today, August 2, Constantine shares began trading on an ex-distribution basis without any due bill entitlement, reflecting that the distribution of HighGold shares has occurred.

Contact the author at [email protected]

Quick facts: Constantine Metal Resources Ltd.

Price: 0.205 CAD

TSX-V:CEM
Market: TSX-V
Market Cap: $9.98 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Constantine Metal Resources Ltd. named herein, including the promotion by the Company of Constantine Metal Resources Ltd. in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Constantine Metal Resources receives permits on Palmer Project, spins out...

Constantine Metal Resources (CVE: CEM) President and CEO Garfield MacVeigh and Vice President of Exploration Darwin Green sat down with Steve Darling from Proactive Investors to talk about the company receiving their permits to move forward on the Palmer project in Alaska. MacVeigh also...

on 31/7/19

2 min read