Business
Golden Reign and Marlin Gold Enter Into Non-Binding Letter of Intent to Combine Businesses
Golden Reign and Marlin Gold Enter Into Non-Binding Letter of Intent to Combine Businesses...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"\n\n\n\nGolden Reign and Marlin Gold Enter Into Non-Binding Letter of Intent to Combine Businesses\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.prngen4{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 15, 2018\n\n\n\nVANCOUVER, May 15, 2018 /CNW/ - Golden Reign Resources Ltd. (TSX-V: GRR) (\"Golden Reign\"), Marlin Gold Mining Ltd. (TSX-V: MLN) (\"Marlin\") and Sailfish Royalty Corp. (TSX-V: FISH) (\"Sailfish\") are pleased to announce that they have entered into a non-binding letter of intent (the \"LOI\"), together with Wexford Capital LP (\"Wexford\"), whereby Golden Reign and Marlin will pursue a business combination of Golden Reign's wholly-owned San Albino-Murra Property (\"San Albino\") in Nueva Segovia, Nicaragua and Marlin's La Trinidad Mine (\"La Trinidad\") in Sinaloa, Mexico. Pursuant to the proposed transaction, Golden Reign plans to acquire all of the issued and outstanding shares of Marlin (following completion of the Marlin Reorganization as defined below) by way of plan of arrangement (the \"Proposed Transaction\").  Upon completion of the Proposed Transaction it is expected that the current shareholders and option holders of Marlin will own in aggregate approximately 45% of the shares of Golden Reign (after distributing any Golden Reign shares already owned by Marlin to its shareholders as discussed below) and current non-Marlin Golden Reign shareholders wi...