BC Supreme Court Approves Arrangement between Mountain Lake and Marathon Gold

Mountain Lake Resources Inc.(TSXV:MOA) announced that it has received approval from the Supreme Court of British Colombia for its proposed arrangement with Marathon Gold Corp. Marathon Gold will acquire all Mountain Lake’s outstanding common shares of the Valentine Lake project.

As quoted in the press release:

Marathon Gold Corporation will acquire all of the outstanding common shares of Mountain Lake to consolidate Mountain Lake’s and Marathon’s respective 50% interests in the Valentine Lake Project, resulting in Marathon becoming the 100% owner of the Project. Mountain Lake’s remaining projects will be transferred to Mountain Lake Minerals Inc. (“Spinco”), a newly incorporated exploration company.

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