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Posted On: 03/19/2021 7:02:12 PM
Post# of 1088
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Buyout news out of the Golden Triangle of British Columbia in a $456 million deal.
GT Gold's property is located at the top right corner of the Golden Triangle near the Red Chris mine.
ForrestKerrproject.jpg)
Click for enlarged view
https://investorshangout.com/images/MYImages/...roject.jpg
VANCOUVER, British Columbia, March 10, 2021 (GLOBE NEWSWIRE) - GT Gold Corp. (TSX-V:GTT; OTCQX:GTGDF) (the “Company” or “GT Gold”) and Newmont Corporation (NYSE: NEM, TSX: NGT) (“Newmont”) are pleased to announce that they have entered into a binding agreement (the “Arrangement Agreement”), pursuant to which Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own (the “Transaction”) for C$3.25 per share (the “Transaction Price”) in cash.
The total equity value pursuant to the Transaction is approximately C$456 million on a fully diluted basis. The Transaction Price represents a premium of 38% to the 20-day volume-weighted average price of GT Gold’s shares on the TSX-V as at March 9, 2021.
https://www.gtgoldcorp.ca/_resources/news/nr_2021_03_10.pdf
GTT.V weekly chart
https://stockcharts.com/h-sc/ui?s=GTT.V&p...1772760930
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While GT Gold has high tonnage of low grade indicated and inferred gold, silver and copper resources, Aben Resources has potentially long intervals of high grade gold in the North Boundary zone and massive low grade gold (possibly high grade gold too) in the South Boundary zone. If GT Gold worths $3.22 a share, imagine what Aben Resources will worth when the resources estimate is delineated in its NI 43-101 Technical Report.
Forrest Kerr and Eskay Creek are close neighbors with the same geology.
GT Gold's mineral resources estimate (Share Outstanding: 127,751,730)
https://www.gtgoldcorp.ca/_resources/tech-rep...8%2020.pdf
The next potential buyout target ..................
https://www.youtube.com/watch?v=hFVxJI6PQJI
GT Gold's property is located at the top right corner of the Golden Triangle near the Red Chris mine.
Click for enlarged view
https://investorshangout.com/images/MYImages/...roject.jpg
VANCOUVER, British Columbia, March 10, 2021 (GLOBE NEWSWIRE) - GT Gold Corp. (TSX-V:GTT; OTCQX:GTGDF) (the “Company” or “GT Gold”) and Newmont Corporation (NYSE: NEM, TSX: NGT) (“Newmont”) are pleased to announce that they have entered into a binding agreement (the “Arrangement Agreement”), pursuant to which Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own (the “Transaction”) for C$3.25 per share (the “Transaction Price”) in cash.
The total equity value pursuant to the Transaction is approximately C$456 million on a fully diluted basis. The Transaction Price represents a premium of 38% to the 20-day volume-weighted average price of GT Gold’s shares on the TSX-V as at March 9, 2021.
https://www.gtgoldcorp.ca/_resources/news/nr_2021_03_10.pdf
GTT.V weekly chart
https://stockcharts.com/h-sc/ui?s=GTT.V&p...1772760930
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
While GT Gold has high tonnage of low grade indicated and inferred gold, silver and copper resources, Aben Resources has potentially long intervals of high grade gold in the North Boundary zone and massive low grade gold (possibly high grade gold too) in the South Boundary zone. If GT Gold worths $3.22 a share, imagine what Aben Resources will worth when the resources estimate is delineated in its NI 43-101 Technical Report.
Forrest Kerr and Eskay Creek are close neighbors with the same geology.
GT Gold's mineral resources estimate (Share Outstanding: 127,751,730)
https://www.gtgoldcorp.ca/_resources/tech-rep...8%2020.pdf
The next potential buyout target ..................
https://www.youtube.com/watch?v=hFVxJI6PQJI
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