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Montreal, Quebec (Newsfile Corp. - June 11, 2021) - Algold Resources Ltd. (TSXV: ALG) ("Algold") is pleased to announce that its previously announced Proposal and reorganization closed today. Effective ....
Algold Resources Ltd.: Algold Resources to Become Wholly Owned Subsidiary of Aya Gold & Silver Montreal, Quebec (Newsfile Corp. - March 4, 2021) - Algold Resources Ltd. (TSXV: ALG) ( Algold ) is pleased to provide additional information on the proposed reorganization of its share capital, which under the Investment Agreement with Aya Gold & Silver Inc. (TSX: AYA) ( Aya ), should lead to Algold becoming a wholly owned subsidiary of Aya. Under the proposed reorganization, Algold intends to exchange each Algold common share for one Redeemable Share , which will be redeemed through the issuance of Aya shares. Algold shareholders will receive an aggregate of C$2,400,000 in Aya common shares, calculated using the five-day trailing volume-weighted average price of Aya common shares in the five trading days immediately before the issuance, registration, and delivery of Aya shares (the Reorganization ). Upon completion of the Reorganization, Algold will be a wholly owned su ....
(2) Montreal, Quebec (Newsfile Corp. - February 19, 2021) - Algold Resources Ltd. (TSXV: ALG) ( Algold ) announced today that, in the context of its Proposal, it has entered into a binding agreement (the Investment Agreement ) with Aya Gold & Silver Inc. (TSX: AYA) ( Aya ) whereby Aya will fund its Proposal and at closing, become sole shareholder of Algold (the Transaction ). Under the terms of the Investment Agreement, existing Algold shares will be cancelled and Aya will subscribe for 100% of the newly issued and outstanding shares of Algold. Closing of the Transaction is subject to a number of Conditions Precedent, including the approval of Algold s Proposal and authorisation and filing of a reorganization of Algold s share capital. ....