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Treasury Metals Receives Shareholder Approval for Acquisition of Goldlund Project
Treasury Metals Receives Shareholder Approval for Acquisition of Goldlund Project ...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n\n\n\nTreasury Metals Receives Shareholder Approval for Acquisition of Goldlund Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Aug. 5, 2020\n\n\n\nTSX: TMLOTCQX: TSRMF\n TORONTO, Aug. 5, 2020 /CNW/ - Treasury Metals Inc. (TSX: TML) (\"Treasury\" or the \"Company\") is pleased to announce that its shareholders have approved all items of business brought before them at the Company's annual and special meeting of shareholders held today (the \"Meeting\") including overwhelmingly in respect of the previously announced share purchase agreement (the \"Agreement\") with First Mining Gold Corp. (\"First Mining\") pursuant to which Treasury will acquire all of the issued and outstanding shares of Tamaka Gold Corporation, a wholly-owned subsidiary of First Mining that owns a 100% interest in the Goldlund Gold Project (\"Goldlund\"), located adjacent to Treasury's Goliath Gold Project in Northwestern Ontario (the \"Transaction\").\nA total of 62, 730, 700 common shares of the Company (\"Common Shares\") were represented at the Meeting. Shareholders voted in favour of all matters brought before the Meeting.\nClosing of the Transaction is scheduled to occur on August 7, 2020 and is subject to satisfaction or waiver of conditions specified in the Agreement and the receipt of regulatory approvals, including the approval of the Toronto Stock Exchange (the \"TSX\") and other customary closing conditions.\nShare Consolidation\nThe Company also received shareholder approval to complete its previously announced consolidation (the \"Consolidation\") of its Common Shares on the basis of three (3) Common Shares for one (1) Common Share. The Consolidation will be effective as at August 11, 2020 and the Common Shares will begin trading on a post-Consolidation basis on the TSX that same day under its new CUSIP No. 894647825 (ISIN CA8946478259). The Company's ticker symbol \"TML\" will remain the same and \"TSRMF\" on the OTCQB.\nA letter of transmittal (the \"Letter\") with respect to the Consolidation was mailed to the Company's registered shareho...