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

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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]

Story by ProactiveInvestors


Source: https://www.proactiveinvestors.com/companies/news/224923/constantine-metal-resources-completes-spin-out-of-gold-assets-to-highgold-mining-224923.html


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