Business
Emergent Metals Corp. Provides an Update on its Sale of the Golden Arrow Property, NV
(TheNewswire)   Vancouver, British Columbia – TheNewswire - May 4, 2026 &#x...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emergent Metals Corp. Provides an Update on its Sale of the Golden Arrow Property, NV\n(TheNewswire)\n\n\n\n \n\n\nVancouver, British\nColumbia – TheNewswire - May 4, 2026 – Emergent Metals Corp.\n(TSXV: EMR, OTC: EGMCF, FRA: EML, MUN: ELM) (“Emergent” or the “Company”) announces that, further to the\nCompany’s news releases dated  September 29, 2025, March 24, 2026\nand April 10, 2026, Fairchild Gold Corp. (“Fairchild”) has initiated the process of\nseeking shareholder approval to complete the acquisition of\nEmergent’s Golden Arrow Property (the “Transaction”).  It\nis the Company’s understanding that Fairchild requires shareholder\napproval for the Transaction pursuant to applicable TSX Venture\nExchange (the “TSXV”) policies. \n\n\nFairchild has indicated that it is in the process of\npreparing a management information circular and related proxy\nmaterials (collectively, the “Meeting Materials”) that will be delivered\nto the holders of Fairchild’s common shares (collectively, the\n“Fairchild Shareholders”) in\nconnection with a special meeting of the Fairchild Shareholders to be\nheld on June 9, 2026 (the “Fairchild Meeting”). At the Fairchild Meeting, the\nFairchild Shareholders are expected to be asked to consider, and if\ndeemed advisable, approve the Transaction under the terms and\nconditions of the asset purchase agreement between the Company,\nFairchild and their respective subsidiaries dated March 23,\n2026.\n\n\nSubject to Fairchild receiving the approval of the\nFairchild Shareholders, each of the parties receiving all necessary\nregulatory approvals, including the final acceptance of the TSXV, and\nother customary closing conditions, the Transaction is expected to\nclose sometime in June 2026.\n\n\n\n  \n\n\n\nAbout the /Transaction\n\n\n \n\n\nThe Transaction is between Emergent, Fairchild and the\ncompanies’ wholly owned Nevada subsidiaries, and includes the\nfollowing material terms:\n\n\n \n\n\nCash Payments\n\n\n \n\n\n\nOn approval of the Transaction by the TSX Venture\nExchange (the Exchange”), Fairchild will pay Emergent\nUS$350,000. This payment is in addition to the non-refundable deposit\nof US$250...