purchase agreement
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.
FIRST MAJESTIC ANNOUNCES NEW STREAM AGREEMENT AT SAN DIMAS MINE AND NEW CREDIT FACILITY
VANCOUVER, British Columbia, May 10, 2018 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (“First Majestic”) (NYSE:AG) (TSX:FR) (Frankfurt:FMV) is pleased to announce that it has terminated the pre-existing silver purchase agreement with Wheaton Precious Metals Corp. (“WPM”) and its subsidiary, Wheaton Precious Metals International Ltd. (“WPMI”), relating to the newly acquired San Dimas Mine and entered into a new precious metal purchase agreement (the “New Stream Agreement”) with WPMI and FM Metal Trading (Barbados) Inc., a wholly-owned subsidiary of First Majestic.
Definitive Agreement Signed for Acquisition of SDA Mill, Mexico
Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce that Magellan and Rose Petroleum plc (AIM: ROSE) have signed a definitive and binding stock purchase agreement (“SPA”) in respect of Magellan’s acquisiiton of Rose’s mineral processing mill operation in San Dieguito de Arriba, Nayarit State, Mexico and its associated assets, licenses and agreements (together, the “SDA Mill”). The purchase of the mill is expected to close in October 2017.
“Signing of the SPA is a major milestone towards completion of the closing items,” said CEO Pierce Carson. “The other major items are well in hand and include Rose’s shareholder approval, which is expected to occur at a General Meeting of Shareholders convened on September 18, 2017, and restructuring of Mexican ownership of the SDA Mill, which is in process and anticipated to be concluded in October 2017.
“Acquisition of the SDA Mill will transform Magellan into a production company and will be an exciting development for our shareholders,” continued Carson. “Our strategy following the acquisition will be to resume processing operations, build production and increase cash flow.”