Brief: Golden Reign And Marlin Gold Enter Into Non-Binding LoI To Combine Businesses

Mako Mining

15/05/2018 13:18

May 15 (Reuters) - Golden Reign Resources Ltd  GRR.V :
    * GOLDEN REIGN AND MARLIN GOLD ENTER INTO NON-BINDING LETTER
OF
INTENT TO COMBINE BUSINESSES
    * GOLDEN REIGN RESOURCES LTD - CO PLANS TO ACQUIRE ALL
SHARES OF
MARLIN (FOLLOWING COMPLETION OF MARLIN REORGANIZATION ) BY WAY
OF PLAN OF ARRANGEMENT
    * GOLDEN REIGN - UPON COMPLETION OF TRANSACTION IT IS
EXPECTED
THAT CURRENT SHAREHOLDERS & OPTION HOLDERS OF MARLIN WILL OWN
ABOUT 45% OF SHARES OF CO
    * GOLDEN REIGN - UPON COMPLETION OF TRANSACTION CURRENT
NON-MARLIN
GOLDEN REIGN SHAREHOLDERS WILL OWN ABOUT 55% OF SHARES OF CO
    * GOLDEN REIGN - NAME OF PARENT CO TO BE CHANGED FROM GOLDEN
REIGN
TO "MAKO MINING CORP." OR SUCH OTHER NAME AS MAY BE MUTUALLY
DETERMINED BY CO, MARLIN
    * GOLDEN REIGN - KEVIN BULLOCK EXPECTED TO CONTINUE AS CEO
OF CO
RESULTING FROM BUSINESS COMBINATION OF GOLDEN REIGN, MARLIN
    * GOLDEN REIGN RESOURCES LTD - BOARD OF NEWLY NAMED CO
EXPECTED TO
BE COMPRISED OF 7 MEMBERS

Source text for Eikon:  ID:nCNWZkgwKa 
Further company coverage:  GRR.V 

 ((Reuters.Briefs@thomsonreuters.com;))