Business
Alerio Gold (formerly, Project One Resources Ltd.) Closes Acqusition of Two Mining Properties with Goldeneye Capital
VANCOUVER, BC, Oct. 29, 2021 /CNW/ - Alerio Gold Corp. (CSE: ALE) (formerly, Project One Resources Ltd.) (CSE: PJO) (the "Company" or "Alerio Gold") announces t
About this update from Lighthouse Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, Oct. 29, 2021 /CNW/ - Alerio Gold Corp. (CSE: ALE) (formerly, Project One Resources Ltd.) (CSE: PJO) (the \"Company\" or \"Alerio Gold\") announces that further to its news releases dated October 5, 2021 and September 23, 2021, the Company has successfully closed the acquisition (the \"Acquisition\") of two gold mining properties located in Co-operative Republic of Guyana, the Tassawini Property and the Harpy Property (collectively the \"Properties\") from Goldeneye Capital Ltd. (\"Goldeneye\"), pursuant to an asset purchase agreement entered into between the Company, Goldeneye, and Chatradharee Mohan, dated October 5, 2021 (the \"Definitive Agreement\"). Proposed Listing of the Company The Company is a reporting issuer in the Provinces of British Columbia, Alberta, and Ontario. On September 22, 2021, the Company received the conditional approval of the Canadian Securities Exchange (the \"CSE\") to list the common shares in the capital of Alerio Gold (the \"Common Shares\") on the CSE. As of the date of this press release, the Company is working towards meeting the listing requirements of the CSE, and, subject to the final approval of the CSE, the Common Shares are expected to commence trading on the CSE under the ticker symbol \"ALE\". Trading of the Common Shares is presently halted and will recommence upon approval from the CSE. The Company intends to announce the exact date of the commencement of trading in due course by way of a further press release. New Board and Management As part of the Acquisition, the management and board of directors of the Company was reconstituted to consist of the following individuals: Jonathan Challis (Chief Executive Officer and Director), Geoffrey Balderson (Chief Financial Officer, Corporate Secretary and Director), Gregory Smith (Chief Operating Officer and Director), Lee Graber (Director), and Allan Fabbro (Director). Additional information regarding the business of the Company and the biographical details of management and the board of directors of the Company may be found in the Company's CSE Form 2A – Listing Statement, which is expected to be filed on SEDAR under the Company's profile prior to the commencement of the trading of the Common Shares on the CSE. Summary of Definitive Agreement and Acquisition In consideration for the Acquisition and ...