Revival Gold Completes Acquisition of Ensign Minerals and
From GlobeNewswire: 2024-05-30 13:57:11
Revival Gold Inc. has completed a business combination with Ensign Minerals Inc. through a statutory three-cornered amalgamation, forming a newly amalgamated company named Ensign Minerals Inc. The company has also satisfied conditions for released escrowed funds from a brokered private placement. With the completion of this transaction, Revival Gold is positioned to capitalize on rising gold prices and become an emerging heap leach gold producer, targeting an annual gold production of 150,000 ounces. Additional details of the transaction and technical report can be found in the press release dated May 30, 2024. Key management remains unchanged, with appointments to the board of directors and chairman reconstitution. Financial advisory services were provided by MPA Morrison Park Advisors Inc. Peterson McVicar LLP and Osler, Hoskin & Harcourt LLP acted as legal counsels.
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