Benchmark Metals and Thesis Gold Announce Merger to Create Premier Precious Metals Project
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Monday, June 5, 2023
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Under the terms of the Transaction, Thesis shareholders will receive 2.5584 of a common share of Benchmark (each whole share, a "Benchmark Share") for each Thesis Share held (the "Exchange Ratio").
Key Points:
- Under the terms of the Transaction, Thesis shareholders will receive 2.5584 of a common share of Benchmark (each whole share, a "Benchmark Share") for each Thesis Share held (the "Exchange Ratio").
- It consolidates two significant exploration projects, as the ongoing development of Benchmark's Lawyers project is adjacent to high quality exploration targets on Thesis' Ranch Project.
- Ewan Webster, President, and CEO of Thesis Gold commented, "The merger of Benchmark and Thesis will create a district scale development and exploration project with significant growth potential.
- The Thesis board of directors (the "Thesis Board") appointed a special committee (the "Thesis Special Committee") to consider and make a recommendation to the Thesis Board with respect to the Arrangement.