15.11.2022 - TORONTO, Nov. 15, 2022 (GLOBE NEWSWIRE) - Consolidated Uranium Inc. (“CUR”, “Consolidated Uranium”) (TSXV: CUR) (OTCQB: CURUF) and Virginia Energy Resources Inc. (TSXV: VUI) (“Virginia Energy”) are pleased to announce that they have entered into a .
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Benefits to Gold X Shareholders
Significant premium (44% based on Gold X s 20-day VWAP as of March 12, 2021 on the TSXV)
Increased balance sheet strength, access to capital and free cash flow to fund development
Continued exposure to upside at the Toroparu Gold Project
Diversified ownership in Gran Colombia s world-class Segovia Gold Mine
Access to Gran Colombia s in-house development and operational capabilities
Gran Colombia s monthly dividend
Significant improvement in trading liquidity and greater capital markets exposure
Transaction Conditions & Timing
Gold X intends to call a meeting of shareholders to be held in May 2021 to seek shareholder approval for the Arrangement (the