Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Strategic Minerals Europe Inc. will takeover Buccaneer
  • The takeover is expected to close on or about December 6, and Buccaneer will be delisted from the CSE on December 9
  • Buccaneer will issue approximately 1,551,083 warrants to acquire common shares
  • Buccaneer Gold Corp.’s (BUCK) shares are currently halted and are expected to resume trading on the NEO once the transaction is completed

Buccaneer Gold (BUCK) and Strategic Minerals Europe Inc. have agreed to a reverse-takeover.

Buccaneer is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties.

Strategic Minerals Europe Inc., a subsidiary owned by Strategic Minerals Spain, is involved in the identification, exploration, and development of mineral resource properties.

The takeover is expected to close on or about December 6, 2021. Buccaneer will be delisted from the Canadian Securities Exchange on December 9, 2021.

Buccaneer held a meeting with its shareholders on December 2, 2021. The transaction is not subject to approval by shareholders, however, Buccaneer received written approval from a majority.

Buccaneer will issue approximately 1,551,083 warrants to acquire common shares. The warrants will be exercisable into common shares of the resulting issuer at an exercise price of $0.40, expiring on July 15, 2026.

Buccaneer Gold Corp.’s (BUCK) shares are currently halted and are expected to resume trading on the NEO once the transaction is completed.

More From The Market Herald

" Silver Hammer (CSE:HAMR) releases previously unreported drill results from Silver Strand

Silver Hammer Mining (HAMR) has reported previously unreleased drill intercepts from 2002 drilling at the Silver Strand project.

" Jaxon (TSXV:JAX) completes 2021 sampling program at Blunt Mountain

Jaxon Mining (JAX) has announced the results of its 2021 soil and rock sampling program at the Blunt Mountain project.
The Market Herald Video

" Avrupa Minerals (TSXV:AVU) reports new drill results at the Sesmarias Prospect

Avrupa Minerals (AVU) reports that drilling continues at the Sesmarias Copper-Zinc Prospect within the Alvalade Project in Portugal.
The Market Herald Video

" QuestEx (TSXV:QEX) expands gold mineralization at Inel Prospect

QuestEx (QEX) has announced drill and prospecting results from the Inel Gold Prospect in B.C.