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SolidusGold Files Information Circular and Confirms Meeting Date for Proposed Transaction
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2022) - SolidusGold Inc. (TSXV: SDC) ("...
About this update from Valhalla Metals Inc.
[{"type":"text","content":"SolidusGold Files Information Circular and Confirms Meeting Date for Proposed TransactionVancouver, British Columbia--(Newsfile Corp. - May 19, 2022) - SolidusGold Inc. (TSXV: SDC) (\"Solidus\" or the \"Company\") is pleased to announce that further to its news release dated February 8, 2022, it has filed an information circular dated May 13, 2022, (the \"Circular\") in connection with the proposed reverse takeover transaction (the \"Proposed Transaction\") with Valhalla Metals, Inc. (\"Valhalla\") for an upcoming meeting of the Company's Shareholders to be held on June 21, 2022. The Circular can be found under the Company's SEDAR profile at www.sedar.com.Meeting DetailsThe Proposed Transaction and matters associated with the Proposed Transaction, including the adoption of a new share compensation plan, the amendment of the Company's articles and notice of articles, and the approval of both Valhalla Mining, LLC and Marubeni Metals & Minerals (Canada) Inc. as new \"control persons\" (as such term is defined in TSX Venture Exchange polices) of the Company will be submitted to shareholders of the Company for approval at a special general meeting to be held on June 21, 2022.Time for ClosingThe Proposed Transaction is expected to close shortly following the Meeting and before July 31, 2022, with the Company changing its name to \"Valhalla Metals, Inc.\" in connection therewith (the \"Resulting Issuer\").The TSX Venture Exchange (the \"Exchange\") has NOT yet conditionally approved the Proposed Transaction or the listing of the Resulting Issuer's shares resulting therefrom. Acceptance of the Proposed Transaction by the Exchange will be subject to the Company fulfilling all of the requirements of the Exchange. There can be no assurances that the Exchange will approve the Proposed Transaction or the listing of the Resulting Issuer.Trading HaltThe common shares of the Company continue to be halted from trading (the \"Trading Halt\"), and the trading of the Company shares is expected to remain halted pending completion of the Proposed Transaction.Forward-Looking Statements:This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words \"expect\", \"anticipate\", \"continue\", \"estimate\", \"objective\", \"ongoing\", \"may\", \"will\",...