Brief: Nighthawk And Moneta Announce At-Market Merger To Create A Leading Canadian Gold Development Company

STLLR Gold

28/11/2023 12:39

Nov 28 (Reuters) - Moneta Gold Inc  ME.TO :
    * NIGHTHAWK AND MONETA ANNOUNCE AT-MARKET MERGER TO CREATE A
LEADING CANADIAN GOLD DEVELOPMENT COMPANY
    * NIGHTHAWK GOLD CORP -  NIGHTHAWK SHAREHOLDERS WILL RECEIVE
0.42
MONETA SHARES (ON A PRE-MONETA CONSOLIDATION BASIS) FOR EACH
NIGHTHAWK SHARE HELD
    * NIGHTHAWK GOLD CORP -  CONCURRENT C$12.5 MILLION BOUGHT
DEAL
EQUITY FINANCING
    * NIGHTHAWK GOLD CORP: EXISTING NIGHTHAWK & MONETA
SHAREHOLDERS
WILL OWN ABOUT 34% & 66%, RESPECTIVELY, OF MERGECO ON A FULLY
DILUTED IN-THE-MONEY BASIS
    * NIGHTHAWK GOLD -  MONETA WILL BUY ALL OF ISSUED AND
OUTSTANDING
COMMON SHARES OF CO IN EXCHANGE FOR COMMON SHARES OF MONETA BY
WAY OF ARRANGEMENT PLAN
    * NIGHTHAWK GOLD CORP - IN CONNECTION WITH TRANSACTION,
ENTERED
INTO AN AGREEMENT WITH SCP RESOURCE FINANCE LP
    * NIGHTHAWK GOLD CORP: UNDERWRITERS AGREED TO PURCHASE ON A
"BOUGHT DEAL" BASIS 36.8 MILLION SUBSCRIPTION RECEIPTS OF CO AT
C$0.34 PER SUBSCRIPTION RECEIPT

Source text for Eikon:  ID:nBw7klBra 
Further company coverage:  ME.TO 

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