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Sailfish Royalty Announces Completion ofStream Restructuring
sailfish royalty announces completion of stream restructuring
TORTOLA, British Virgin Islands, Nov. 9, 2018 /CNW/ – Sailfish Royalty Corp. (TSX-V: FISH) (the”Company” or “Sailfish”) is pleased to report the closing of the previously announced restructuring (the “Stream Restructuring”) of the Company’s gold stream on the San Albino gold project (“SanAlbino”) pursuant to a master agreement between the Company, Golden Reign Resources Inc. (“Golden Reign”), Marlin Gold Mining Ltd. (“Marlin”), Oro Gold de Mexico S.A. de C.V., NicozResource S.A. (“Nicoz”) and Gold Belt, S.A. (“Gold Belt”) dated August 3, 2018 (the “MasterAgreement”). Completion of the Stream Restructuring was conditional upon closing of the business combination transaction of Marlin and Golden Reign pursuant to a plan of arrangement under the Business Corporations Act (British Columbia), along with approval of the TSX Venture Exchange (“TSX-V”) and the previously announced approval of disinterested shareholders of the Company. As of today, each of these closing conditions have been satisfied.
GOLDEN REIGN RESOURCES AND MARLIN GOLD MINING COMPLETE BUSINESS COMBINATION TO FORM MAKO MINING CORP.
golden reign and marlin gold complete business combination
VANCOUVER, November 9, 2018 – Mako Mining Corp. (formerly Golden Reign Resources) (the “Company” or “Mako Mining”) (TSX-V:GRR) and Marlin Gold Mining Ltd. (“Marlin”) (TSX-V:MLN) are pleased to announce the successful completion of the previously announced business combination transaction of the two companies pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), whereby the Company acquired all of the issued and outstanding common shares of Marlin (the “Marlin Shares”). Prior to the closing of the Arrangement, the parties completed the previously announced amendment to the Company’s Gold Purchase Agreement with Sailfish Royalty Corp. and the Marlin Reorganization, including the sale of Marlin’s Commonwealth Project to funds controlled by Wexford Capital LP, Marlin’s controlling shareholder, which extinguished all of Marlin’s loans and any other debts and liabilities owing to Wexford.