Business
Thesis Gold Announces Receipt of Interim Order, Meeting Date and Mailing of Materials
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) ("Thesis" or the "Company") is pleased
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 13, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce that it has filed and mailed materials to the securityholders of Thesis (the \"Securityholders\"), including the management information circular dated July 6, 2023 (the \"Circular\") and related documents for the special meeting of Securityholders to be held on August 9, 2023 (the \"Meeting\"). The Meeting is being held in connection with the proposed acquisition by Benchmark Metals Inc. (\"Benchmark\") of all of the issued and outstanding common shares of Thesis (the \"Thesis Shares\") by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the \"Arrangement\") previously announced on June 5, 2023. If the Arrangement becomes effective, Thesis shareholders (other than dissenting Thesis shareholders, if any) will receive 2.5584 common shares of Benchmark (each whole share, a \"Benchmark Share\") for each Thesis Share held (the \"Exchange Ratio\"). Further details with respect to the Arrangement are included in the Circular, which can be found under Thesis' profile on SEDAR at www.sedar.com. Benefits of the Arrangement Increased Scale: The Arrangement creates one of the largest precious metals development and exploration companies in the prolific Toodoggone Mining District of British Columbia and consolidates two significant exploration projects, as the ongoing development of Benchmark's Lawyers Project is nearby to high quality exploration targets on Thesis' Ranch Project. The combined company resulting from the Arrangement (the \"Combined Company\") has the potential to enhance Benchmark's current 3.14 million ounces (Moz) of gold equivalent (AuEq)1 measured and indicated (M&I) mineral resources and 0.415 Moz AuEq1 inferred mineral resources at Lawyers with high-grade, near-surface mineralization at Ranch.2 Growth and Catalysts: Focused on resource growth, exploration, and discovery through 50,000m of drilling in 2023 with the goal of defining new mineral resource estimates for the Lawyers & Ranch projects (Q1/Q2 2024). Following that, an updated preliminary economic assessment (\"PEA\") is expected to include high-grade underground ounces at Lawyers and Ranch's maiden resource estimate (Q3, 2024). S...