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ValOre Announces Termination of Amalgamation Agreement with South Atlantic
VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“Val...
About this update from Valore Metals Corp.
[{"type":"text","content":"ValOre Announces Termination of Amalgamation Agreement with South Atlantic\n\n\n\n VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) --\n \n ValOre Metals Corp. (“ValOre”) (TSX-V: VO, OTCQB: KVLQF, Frankfurt: KEQ0)\n \n , today announced that ValOre, South Atlantic Gold Inc. (\"\n \n South Atlantic\n \n \") and 1529317 B.C. Ltd. (collectively, the \"\n \n Parties\n \n \") have terminated the previously announced amalgamation agreement (the \"\n \n Amalgamation Agreement\n \n \"), effective as of June 27, 2025. The Parties mutually terminated the Amalgamation Agreement after South Atlantic shareholders failed to adopt a special resolution approving the proposed amalgamation (the “\n \n Amalgamation\n \n ”), whereby ValOre would have indirectly acquired all of the issued and outstanding shares of South Atlantic, at South Atlantic’s annual general and special meeting which took place earlier today. Accordingly, ValOre will not be proceeding with the Amalgamation.\n \n\n\n About ValOre Metals Corp.\n \n\n\n ValOre Metals Corp. (TSX-V: VO, OTCQB: KVLQF, Frankfurt: KEQ0) is a Canadian company with a team aiming to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration and innovation.\n \n\n For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Jim Paterson, C.E.O. at 778-819-4484, or by email at [email protected].\n \n\n ValOre is a proud member of Discovery Group. For more information about Discovery Group, please visit its website at www.discoverygroup.ca.\n \n\n\n Cautionary Note Regarding Forward-Looking Statements\n \n\n\n This news release contains certain forward-looking statements and forward-looking information, as defined under applicable Canadian securities laws (collectively, “\n \n forward-looking statements\n \n ”). The words “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential ...