Business
Sylla Gold to Commence Trading
Bedford, Nova Scotia--(Newsfile Corp. - November 19, 2021) - Sylla Gold Corp. (TSXV: SYG.H) ...
About this update from Sylla Gold Corp
[{"type":"text","content":"Sylla Gold to Commence TradingBedford, Nova Scotia--(Newsfile Corp. - November 19, 2021) - Sylla Gold Corp. (TSXV: SYG.H) (the \"Company\") is pleased to announce that its common shares have been reinstated for trading and will commence trading on Tuesday, November 23, 2021. The Company held its annual and special meeting of the shareholders on November 12, 2021, where shareholders approved the election of the directors of the Company, the appointment of the auditors of the Company, the confirmation and approval of the stock option plan of the Company and the approval of a proposed related party transaction (the \"Transaction\") between the Company and Niaouleni Gold Inc. (\"Niaouleni Gold\") pursuant to which the Company has the option (the \"Option\") to acquire all of the issued and outstanding shares of Niaouleni Gold Mali SARL (\"Niaouleni Mali\"), which holds a 100% interest in a gold and group 2 mineral substances research and exploration permit located in the Republic of Mali (the \"Niaouleni Permit\"). Niaouleni PermitThe Niaouleni Permit is 9,400 hectares in size and accessible by paved highway and includes extensive artisanal mining activity within the interpreted extensions of gold bearing structures. Past exploration at the Niaouleni Permit includes extensive RAB, reverse circulation (RC) and diamond drilling, which have identified several structural gold-bearing zones that appear to extend from the adjacent Kobada gold deposit. Historical exploration and drilling results are currently being compiled into a digital database and will be interpreted for the purposes of designing a drilling program to further test these structural gold-bearing zones and possibly extend them further. To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6472/104414_cfc00419e47ba960_001full.jpg ReactivationIt is intended that the Transaction will result in the reactivation of the Company pursuant to the regulations of the TSXV, and the graduation of the Company from the NEX to a listing of the Company on the TSXV. The Company has applied to the TSXV for reactivation. The TSXV is in the process of reviewing the Company's application and a technical report prepared in accordance with National Instrument 43-101. Qualified Person StatementAll scientific and technical information contained in thi...