Canada’s NSGold has finalised the sale of the com-pany by amalgamating with 13611647 Canada Limited, a newly-in-corporated wholly-owned subsidiary of Atlantic Mining NS. The deal is worth about C$7.9 million (US$6.2 million).
The “amalgamation was approved by NSGold shareholders at a spe-cial meeting held on February 15, 2022 with a positive vote of approx-imately 99.99% of the shares voted,” NSGold said in a statement, adding that, in connection with the sale, the company had applied for delisting from the TSX Venture Exchange which is expected to take place effective at the close of the markets on Monday, February 28, 2022.
NSGold's core asset is the Mooseland gold property located in Hali-fax County, in Canada’s Nova Scotia.
“The Mooseland Property is located approximately 13 kilometers from the Moose River Consolidated Gold Mine,” according to the statement.
Atlantic Mining NS is a subsidiary of Australian miner St Barbara.