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GoldSpot Discoveries Corp : Golden Planet Mining Closes $6 6M Private Placement Led by Eric Sprott and GoldSpot Discoveries
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GoldSpot Discoveries Corp : GoldSpot Reports Record Earnings and Provides Corporate Update
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GoldSpot Discoveries Corp.: GoldSpot Enters into Definitive Agreement for Business Combination of XCorp AI Ltd.
GoldSpot or the
Company ) is pleased to announce that it has entered into a definitive agreement dated December 14, 2020 (the
Definitive Agreement ) to give effect to the previously announced business combination (the
Business Combination ) of its majority owned subsidiary, XCorp AI Ltd. (
XCorp ), with Golden Planet Mining Corp. (
GPM ). Pursuant to the Definitive Agreement (i) GoldSpot and each of the other shareholders of XCorp will exchange their common shares of XCorp (
XCorp Shares ) on the basis of 1.6999431 common shares of GPM (
GPM Shares ) for each one (1) XCorp Share held; and (ii) XCorp will become a wholly-owned subsidiary of GPM.