SolGold - CEO, Nick Mather
CEO, Nick Mather
Source: Mining Weekly
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  • Cornerstone Capital Resources (CGP) has obtained a court order approving the previously-announced plan of arrangement
  • SolGold plc (SOLG) will acquire all of the issued and outstanding common shares of Cornerstone
  • Cornerstone Capital Resources Inc. is a mineral exploration company
  • Cornerstone Capital Resources Inc. was down 0.941 per cent, trading at $4.21 at 2:10 PM ET

Cornerstone Capital Resources (CGP) has obtained a court order from the Court of King’s Bench of Alberta approving the previously-announced plan of arrangement.

Under the plan of arrangement, SolGold plc (SOLG) will acquire all of the issued and outstanding common shares of Cornerstone, excluding common shares of Cornerstone already held by SolGold.

This court order follows the recent approval by 99.98 per cent of the votes cast by Cornerstone shareholders at a special shareholder meeting regarding the plan of arrangement.

Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions to closing, the arrangement is expected to close in late January 2023.

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including a direct and indirect interest in the Cascabel gold-enriched copper porphyry in northwest Ecuador.

Cornerstone Capital Resources Inc. was down 0.941 per cent, trading at $4.21 at 2:10 PM ET.


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