Seabridge Gold Announces Closing of Spin-Out of Valor Gold Corp.
Seabridge Gold has officially closed the spin-out of Valor Gold Corp., transferring its 100% interest in the Courageous Lake gold project to the new entity. Existing Seabridge shareholders received one new Seabridge share and one Valor share for every approximately 1.957 old Seabridge shares held. Old Seabridge shares are suspended from trading on June 4, with new shares resuming under the same ticker symbols (SA/SEA) but a new CUSIP on June 5.
Key figures
- Spin ratio
- 1 Valor share for every ~1.957 Seabridge shares
- Valor shares outstanding
- 55000000
- Seabridge shares outstanding
- 107622939
AI analysis
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