Business
Starcore Closes Spin-Out of African Properties for Issue of Capital Dividend
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces it has received the Final Order from the Supreme Court of British Columbia approving the Plan of Arrangement (the "Arrangement") between Starcore and its wholly-owned subsidiary, EU Gold Mining Inc., as announced in its news release of July 8, 2025.The effective date for the completion of the Arrangement will be February 6, 2026, the date on...
About this update from Starcore International Mines Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces it has received the Final Order from the Supreme Court of British Columbia approving the Plan of Arrangement (the "Arrangement") between Starcore and its wholly-owned subsidiary, EU Gold Mining Inc., as announced in its news release of July 8, 2025.","length":431,"tagName":"p"},{"type":"text","content":"The effective date for the completion of the Arrangement will be February 6, 2026, the date on which the Arrangement will become legally effective. The record date for the purpose of determining the shareholders of Starcore who will be entitled to receive common shares of EU Gold pursuant to the terms of the Arrangement will be the same as the effective date, February 6, 2026 (the "Record Date"). Shareholders of Starcore as of the Record Date will be issued one common share of EU Gold for every two Starcore shares owned by the Starcore shareholder, which share will be issued to the Starcore Shareholders as a return of capital. It is anticipated that Starcore's Transfer Agent, Computershare Investor Services, will redistribute the EU Gold shares to Starcore shareholders on or about March 5, 2026 (the "Distribution Date").","length":856,"tagName":"p"},{"type":"text","content":"No fractional EU Gold Shares will be issued in connection with the Arrangement, and no certificates for any fractional shares will be issued. Any fractional EU Gold Shares will be rounded to the nearest whole number with fractions of 0.5 rounded up. No cash payment in lieu of any fractional EU Gold Shares will be paid.","length":320,"tagName":"p"},{"type":"text","content":"Under the rules of the Toronto Stock Exchange, Starcore common shares will commence trading "ex-distribution" on the opening of trading on February 6, 2026, with respect to the EU Gold shares to be distributed under the Arrangement. Accordingly, the last opportunity for investors to participate in the spin-out of EU Gold will be immediately prior to the close of trading on February 5, 2026 on the TSX.","length":414,"tagName":"p"},{"type":"text","content":"Through the Arrangement, Starcore will transfer and assign to EU Gold all of Starcore's right, title and interest in its ...