Medgold Receives TSXV Conditional Acceptance of Proposed Acquisition and Provides Update on Concurrent Financing
Vancouver, Canada, July 13, 2023 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) (“Medgold”) is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange (the “TSXV”) for the proposed reverse takeover transaction (the “Acquisition”) pursuant to which Medgold is to acquire all of the issued and outstanding common shares of Balkan Metals Corp. (“BMC”). At closing, Medgold’s name is to be changed to “Electrum Metals Group Corp.” (the “Name Change”) and its shares are to be consolidated on a 16:1 basis (the “Share Consolidation”). The resulting[…]
Medgold provides update on proposed acquisition of Balkan Metals Corp.
Vancouver, Canada, May 30, 2023 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) (“Medgold” or the “Company”) is pleased to provide an update on its proposed acquisition (the “Acquisition”) of Balkan Metals Corp. (“Balkan Metals”), a private British Columbia company which holds a portfolio of exploration licenses in Serbia, some of which are contiguous to Medgold’s existing Serbian exploration permits. With mineral rights covering close to 1,000 square kilometers, the resulting company will be the largest holder of highly prospective exploration ground in the Republic of Serbia. Balkan Metals shareholders have[…]
Medgold provides update on proposed acquisition of Balkan Metals Corp.
Vancouver, Canada, March 22, 2023 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) (“Medgold” or the “Company”) is pleased to provide an update on its proposed acquisition (the “Acquisition”) of Balkan Metals Corp. (“Balkan Metals”), a private British Columbia company which holds a portfolio of exploration licenses in Serbia, some of which are contiguous to Medgold’s existing Serbian exploration permits. With mineral rights covering close to 1,000 square kilometers, the resulting company will be the largest holder of highly prospective exploration ground in the Republic of Serbia. The parties are continuing[…]
Medgold completes its re-acquisition of full ownership of Tlamino Project, Serbia
Vancouver, Canada, February 7, 2023 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) (“Medgold” or the “Company“) is pleased to announce that it has closed its re-acquisition of 100% ownership of the Tlamino Project located in Serbia, pursuant to its previously announced two agreements with Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna“). The first such agreement terminates the Option Agreement (the “Option“) entered into between the parties on December 15, 2020 that provided for Medgold to acquire Fortuna’s 51% beneficial interest (the “Interest“) in the Project for a cash[…]
Medgold signs Definitive Amalgamation Agreement for proposed acquisition of Balkan Metals Corp. and issues Convertible Debenture
Vancouver, Canada, January 30, 2023 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) (“Medgold” or the “Company”) is pleased to announce that Medgold and Balkan Metals Corp. (“Balkan Metals”) have signed a definitive amalgamation agreement (the “Amalgamation Agreement”) setting out the terms of the proposed acquisition (the “Acquisition”) by Medgold of Balkan Metals, a private British Columbia company which holds a portfolio of exploration licenses in Serbia, some of which are contiguous to Medgold’s existing Serbian exploration permits (see Medgold news releases November 24, 2022 and December 21, 2022 for a[…]