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Auryn Resources (TSXV:AUG) has completed its previously announced acquisition of North Country Gold.
Auryn Resources (TSXV:AUG) has completed its previously announced acquisition of North Country Gold.
As quoted in the press release:
The Arrangement was approved at North Country’s special meeting of shareholders held on September 18, 2015 by approximately 99.85% of the votes cast by North Country shareholders. Final approval for the Arrangement was obtained from the Court of Queen’s Bench of Alberta on September 22, 2015.
As a result, the North Country Shares will be delisted from the TSX Venture Exchange and Auryn will apply to the relevant securities commissions for North Country to cease to be a reporting issuer under Canadian securities laws.
Auryn president and CEO, Shawn Wallace, said:
The consolidation of ownership in the Committee Bay project through the acquisition of North Country Gold represents a tremendous opportunity for both companies’ shareholders. We are very excited about the district scale potential of this 300km long gold belt. On behalf of our board, I would like to acknowledge the excellent technical work completed by the team at North Country Gold to date.