NEX COMPANIES:
ALGOLD RESOURCES LTD. ("ALG.H")
BULLETIN TYPE: Delist
BULLETIN DATE: June 15, 2021
NEX Company
Further to a news release of Aya Gold & Silver Inc. ("Aya"; TSX: AYA) dated June 11, 2021, the common shares of Algold Resources Ltd. ("Algold") will be delisted from TSX Venture Exchange effective at the close of business on Thursday, June 17, 2021.
The delisting of the common shares of Algold results from the completion of a plan of arrangement (the "Agreement") with Aya, pursuant to which Aya has acquired all of the issued and outstanding common shares of Algold, pursuant to which, Aya will acquire all of the issued and outstanding Company's common shares (the "Common Shares") and the Company's shareholders will receive an aggregate of $2,400,000 in Aya common shares, calculated using the five-day trailing volume-weighted average price of Aya common shares in the five trading days immediately before the issuance, registration, and delivery of Aya shares. Upon completion of the Arrangement, the Company will be a wholly owned subsidiary of Aya and the Company's shareholders will become shareholders of Aya.
The arrangement was approved by the Superior Court on March 26, 2021.
A joint press release dated June 11, 2021, which can be found on SEDAR, has been issued by Aya and Algold confirming the closing of the Agreement.
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