ValOre Enters into Definitive Agreement to Acquire South Atlantic Gold to Create a 99,924 Hectare Precious Metals District in Ceara State, Brazil

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[{"type":"text","content":"ValOre Enters into Definitive Agreement to Acquire South Atlantic Gold to Create a 99,924 Hectare Precious Metals District in Ceara State, Brazil\n\n\n\n VANCOUVER, British Columbia, March 26, 2025 (GLOBE NEWSWIRE) --\n \n ValOre Metals Corp. (“ValOre”) (TSX-V: VO, OTCQB: KVLQF, Frankfurt: KEQ0) and South Atlantic Gold Inc. (“South Atlantic”) (TSX-V: SAO)\n \n , today announced that further to the February 17, 2025 joint news release, the companies have entered into an amalgamation agreement (the “\n \n Agreement\n \n ”) on March 26, 2025, pursuant to which ValOre will acquire all of the issued and outstanding common shares in the capital of South Atlantic (the “\n \n South Atlantic Shares\n \n ”) and other securities of South Atlantic (the “\n \n Proposed Transaction\n \n ”). Pursuant to the terms of the Agreement, South Atlantic and 1529317 B.C. Ltd. (“\n \n ValOre\n \n\n Subco\n \n ”), a wholly-owned subsidiary of ValOre, will amalgamate under the\n \n Business Corporations Act\n \n (British Columbia) (the “\n \n Amalgamation\n \n ”). Upon completion of the Proposed Transaction, the company resulting from the Amalgamation (“\n \n Amalco\n \n ”) will be a wholly-owned subsidiary of ValOre.\n \n\n\n Jim Paterson, ValOre Chairman and C.E.O. stated:\n \n\n “We would like to thank all SAO stakeholders for their efforts to get this transaction to its current stage. We’re very excited to start exploration programs on the combined and expanded Pedra Branca project area once the deal has been completed. Prior to this happening, the shareholders of South Atlantic must approve the transaction at an upcoming SAO shareholder meeting, so we encourage their participation and request their support of the deal.”\n \n\n\n\n Figure 1: Pedra Branca PGE and Pedra Branca Au property map\n \n\n\n\n\n\n\n\n (1) Independent Technical Report – Mineral Resource Update on the Pedra Branca PGE Project, Ceará State, Brazil (Effective date: March 8, 2022)\n \n\n\n (2) NI 43-101 Technical Report - Mineral Resource Estimation for the Pedra Branca Gold Project Ceará State – Brazil (Effective date: March 16, 2021)\n \n\n\n\n Transaction Details\n \n\n\n Under the terms of the Agreement, which was approved ...

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