Emerging Goldfields Resources Ltd – Update
Vancouver, British Columbia, Canada (March 22, 2024) – Emerging Goldfields Resources Ltd. (the “Corporation”) cautioned today that due to issues raised by the Alberta Securities Commission, the following NI 43-101 Technical Reports filed on SEDAR+ should not be relied on: The technical report on the Archut Project filed on January 30, 2024. The technical report […]
Margaret Lake RTO target Emerging arranges loan
This Upgrade will allow for the processing of 200,000 tons of ore annually, resulting in an annual gold production increase of up to 1 tonne.
Margaret Lake to merge with Emerging Goldfields in RTO
Margaret Lake Diamonds Inc. has entered into an amalgamation agreement dated Dec. 14, 2023, with Emerging Goldfields Resources Ltd., an arm’s-length private company incorporated under the Business Corporations Act (Alberta) (ABCA), which sets forth the conditions of the proposed arm’s-length reverse takeover transaction. In addition, and in connection with the transaction, the parties have agreed to use their “commercially reasonable efforts” to cause Emerging to complete a private placement of units of Emerging (“Units”) (the “Proposed Private Placement”)
Margaret Lake enters into LOI to purchase Emerging Goldfields
Proposed Transaction will take the form of a business combination between DIA and Emerging whereby the DIA Securities and Emerging Securities will be exchanged on a 1:1 basis for an equivalent security of the Resulting Issuer (other than Emerging Shares or Margaret Common Shares held by shareholders who exercise their dissent rights, if applicable.