URBANGOLD MINERALS INC. ("UGM")
BULLETIN TYPE: Delist
BULLETIN DATE: May 19, 2021
TSX Venture Tier 2 Company
Further to a news release of Troilus Gold Corp. ("Troilus"), dated May 18, 2021, the common shares of Urbangold Mining Inc. ("Urbangold") will be delisted from TSX Venture Exchange effective at the close of business on Friday, May 21, 2021.
The delisting of the common shares of Urbangold results from the completion of a three-cornered amalgamation agreement with Troilus, pursuant to which Troilus has acquired all of the issued and outstanding common shares of Urbangold that it does not currently own, for a consideration of 0.3004 of a common share of Troilus for each outstanding Urbangold share.
The arrangement was approved by Urbangold's disinterested shareholders at a special shareholders meeting held on May 17, 2021.
A joint press release dated May 18, 2021, which can be found on SEDAR, has been issued by Urbangold and Troilus confirming the closing of the transaction.
For more information, please consult the Company's information Circular dated April 9, 2021, that is available in SEDAR.
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