Welcome to our dedicated page for AGCBF news (Ticker: AGCBF), a resource for investors and traders seeking the latest updates and insights on AGCBF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AGCBF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AGCBF's position in the market.
Amarillo Gold Corporation has finalized an acquisition transaction with Hochschild Mining PLC, resulting in Amarillo becoming a wholly owned subsidiary. Shareholders of Amarillo receive C$0.40 in cash and a common Lavras Gold share, leading to the spinout of Lavras Gold, which is launching as an independent exploration company with a focus on the Lavras do Sul gold project in Brazil.
Conditional listing approval has been obtained for Lavras Gold shares on the TSX Venture Exchange (symbol: LGC), with trading expected to begin within five trading days.
Amarillo Gold Corporation (TSXV: AGC, OTCQB: AGCBF) announced the acquisition by Hochschild Mining PLC, set to finalize on April 1, 2022. Under the plan, each Amarillo share will convert to C$0.40 in cash plus one share of the newly formed Lavras Gold Corp., which will focus on Brazilian gold exploration. Lavras Gold will have C$10 million in cash and will hold Amarillo's Lavras do Sul gold project. Trading of Amarillo shares will cease on March 30, 2022, and Lavras Gold is conditionally approved for listing on the TSXV.
Amarillo Gold Corporation has received final court approval for its acquisition by Hochschild Mining PLC. Under the plan, Amarillo shareholders will receive C$0.40 per share and one share of Lavras Gold Corp. The exchange process involves a letter of transmittal available on the official websites. Hochschild's shareholder meeting is set for March 22, 2022, with anticipated closure of the acquisition by early April 2022. Post-acquisition, Amarillo's shares will be delisted from both the TSX Venture Exchange and OTCQB, and the company will cease being a reporting issuer.
Amarillo Gold Corporation's shareholders approved a plan of arrangement for its acquisition by Hochschild Mining PLC at a special meeting, with 99.99% of votes in favor.
Each Amarillo share will be exchanged for C$0.40 in cash and one share of Lavras Gold Corp., which will hold Amarillo's Lavras do Sul gold project. The arrangement, subject to final court approval on March 4, 2022, is expected to close by the end of March. Following closure, Amarillo shares will be delisted, and Lavras SpinCo aims to list on TSXV, pending regulatory approval.
Amarillo Gold Corporation reported significant milestones in 2021, including progress on the Posse Gold Project, which attracted interest from Hochschild Mining. Key achievements included the License to Install for the Posse Gold Mine, acquisition of nearly all required land, and 75% completion of project engineering. The discovery of the Pastinho deposit at Mara Rosa is expected to increase Posse's mine life and production. Hochschild's acquisition offer at C$0.40 per share represents a 66% premium, with a total transaction value of approximately C$164.5 million.
Amarillo Gold Corporation (OTCQB: AGCBF) has released an updated technical report for its Posse Gold Project located in Goiás, Brazil. This report, effective December 31, 2021, was prepared by SRK Consultores do Brasil Ltda. and updates the previous feasibility study from August 2020. It incorporates changes in execution plans, mine scheduling, and financial parameters. The updated report supports Amarillo's acquisition by Hochschild Mining PLC announced in November 2021 and outlines the project's potential profitability and longevity.
Amarillo Gold Corporation (OTCQB: AGCBF) has filed an independent technical report for the Butiá Gold Prospect, effective January 25, 2022. This report, prepared by VMG Consultoria e Soluções Ltda., outlines the gold resources at Butiá, which is located in Brazil. Key details include:
- Measured and indicated mineral resources totaling 378,904 ounces of gold.
- Gold mineralization occurs up to 300 metres deep with widths of 15-20 metres.
- The estimate is based on a 0.3 g/t cutoff grade.
The report emphasizes that mineral resources are not guaranteed to be converted into reserves.
Amarillo Gold Corporation (AGCBF) announced a special meeting for shareholders on March 1, 2022, to discuss the proposed acquisition by Hochschild Mining PLC. The transaction involves exchanging Amarillo shares for C$0.40 in cash and shares of a new exploration company, Lavras SpinCo. This arrangement represents a significant premium of approximately 74% to the unaffected market price. The Board unanimously recommends the arrangement, highlighting shareholder support and no financing conditions. The transaction is expected to close by the end of March 2022, pending approvals.
Amarillo Gold Corporation announced that all resolutions from its 2021 annual meeting were successfully passed, including the re-election of all director nominees. Notable approvals include the re-appointment of MNP LLP as auditor and the re-approval of its stock option and restricted share unit plans. Approximately 50.13% of common shares were represented. The company is advancing its gold projects in Brazil, with the Posse Gold Project showing promising feasibility for profitable operations.
FAQ
What is the market cap of AGCBF (AGCBF)?
