Golden Pride Gold Mine

Allied Gold Corp Limited, Allied Merger Corporation and Mondavi Ventures Ltd. Announce Binding Letter of Intent for Business Combination and Financing for Minimum Proceeds of US$300,000,000

Retrieved on: 
Thursday, May 11, 2023
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TORONTO, May 11, 2023 (GLOBE NEWSWIRE) -- Allied Gold Corp Limited (“Allied”), Allied Merger Corporation (the “AMC”) and Mondavi Ventures Ltd. (“Mondavi”) are pleased to announce that they have entered into a binding letter agreement dated May 11, 2023 (the “Letter Agreement”) outlining the terms upon which Mondavi, an unlisted reporting issuer in Canada, will enter into a business combination with Allied and AMC pursuant to which the current shareholders of each of Allied and AMC will receive common shares of Mondavi, resulting in a reverse take-over of Mondavi (the “RTO”). The Letter Agreement was negotiated at arm’s length between representatives of Allied, AMC and Mondavi. In this news release, references to the “Resulting Issuer” are to Mondavi after the closing of the RTO, which will be the continuing public issuer carrying on the business of Allied.

Key Points: 
  • The Letter Agreement was negotiated at arm’s length between representatives of Allied, AMC and Mondavi.
  • In this news release, references to the “Resulting Issuer” are to Mondavi after the closing of the RTO, which will be the continuing public issuer carrying on the business of Allied.
  • Allied, AMC and Mondavi will negotiate a definitive agreement (the “Definitive Agreement”), substantially on the terms of the Letter Agreement, in connection with completing the RTO.
  • SCP Resource Finance LP is acting as financial advisor to Allied and AMC in connection with financing matters.

DGAP-News: EcoGraf Limited: Innogy Demerger to Unlock Shareholder Value

Retrieved on: 
Tuesday, March 15, 2022
IGO, Nova, Bay, Thompson Belt, Kabanga Nickel Project, Nickel, Database, Frontier, ASX, IPO, FMK, Golden Pride Gold Mine, Company, Public, EGR, OTCQX, Orogeny, FSE, Gold, Security (finance), Iron ore, Uranium, Mining, Rare-earth element, 2021 Southern Frontier Cup, Innogy

Diversified battery anode materials company EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE:FMK; OTCQX: ECGFF) is pleased to announce plans to unlock shareholder value through the demerger and Initial Public Offering (IPO) of battery cathode minerals subsidiary, Innogy Limited (Innogy).

Key Points: 
  • Diversified battery anode materials company EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE:FMK; OTCQX: ECGFF) is pleased to announce plans to unlock shareholder value through the demerger and Initial Public Offering (IPO) of battery cathode minerals subsidiary, Innogy Limited (Innogy).
  • An independent geological review has identified highly prospective nickel sulphide exploration targets within the ground package.
  • The northern two tenement applications are centred around the historic Kabulwanyele nickel laterite, gossan occurrence, which overlies an ultramafic intrusion.
  • The IPO will include a Priority Offer for eligible EcoGraf shareholders, followed by a Public Offer, supported by EcoGraf as a major shareholder.