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Stock impact report

Northern Superior Announces Upsizing of ONGold Resources Financing and Receipt of Listing Conditional Approval [Yahoo! Finance]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Ltd. (" BCCo " together with Northern Superior, the " Parties ") are pleased to announce that due to strong demand from well-known gold investors, the Parties have increased the size of the financing related to its Ontario spinout company, to be named ONGold Resources Ltd. (" ONGold "), from approximately C$3,000,000 ( see press release dated September 6, 2023 ) to more than C$5,250,000. On closing of the Proposed Transaction (as defined below), Northern Superior will own 35,686,686 shares of BCCo with a deemed value of approximately C$18.2 million. The Parties are also pleased to announce that, further to the press releases dated July 10, 2023, and September 6, 2023, the TSX Venture Exchange (the " Exchange ") has conditionally approved the Company's proposed transaction with BCCo in accordance with the binding letter agreement dated as of July 10, 2023 (the " Letter Agreement "). The Letter Agreement outlines the proposed terms and conditions upon which Northern Superior will se Show less Read more
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