The Toronto Stock Exchange reports that Gold Standard Ventures Corp. will be delisted at the close on Aug. 15, 2022. According to the TSX, Orla Mining Ltd. has acquired all of the issued and outstanding shares of the company pursuant to a plan of arrangement whereby Gold Standard shareholders will receive, for each Gold Standard share held, 0.1193 of an Orla Mining share and 0.01 cent in cash.
The TSX notes that no fractional Orla shares will be issued to Gold Standard
shareholders. The number of Orla shares to be issued will be
rounded down to the nearest whole number of Orla shares in the
event that a Gold Standard shareholder would otherwise be
entitled to a fractional interest of an Orla share, and no
compensation will be paid in respect of a fractional Orla share.
The total cash consideration payable to a Gold Standard
shareholder will be rounded up to the next whole one-cent
For more information, see Gold Standard's management information circular dated July 6, 2022, available on SEDAR.
© 2022 Canjex Publishing Ltd. All rights reserved.