• LAST PRICE
    0.0250
  • TODAY'S CHANGE (%)
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    ---/ ---
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  • Day Range
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    High 0.4000
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  • Nov 6, 2024

      Show headlines and story abstract
    • 8:51AM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: AGE

      November, 06, 2024 -- (Acme Gold Company Limited) -- (TheNewswire)

      November 6, 2024 -- TheNewswire -- Vancouver, BC -- Acme Gold Company Limited (CSE: AGE) ("Acme" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "Letter of Intent"), dated effective November 5, 2024, with Canadian Global Energy Corp. ("CGE"), an arms-length private oil and gas company, in respect of a proposed transaction whereby the Company will acquire all of the issued and outstanding common shares of CGE (the "CGE Shares") on the basis of 1,600 common shares of the Company for each CGE Share (the "Transaction"). The Transaction would result in CGE shareholders holding approximately 87% of Acme, on a non-diluted basis and prior to giving effect to the Concurrent Financing (as defined below), which would constitute a reverse takeover of Acme by CGE. Upon completion of the Transaction, it is anticipated that CGE will become a wholly-owned subsidiary of Acme and Acme will carry on the business of CGE as currently constituted.

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