After a previous hostile takeover attempt of its partner in the Cascabel copper project, SolGold on Friday announced that it had reached an agreement for a friendly merger with Cornerstone Capital Resources.
SolGold has attempted to buy Cornerstone for some years, having first announced its intention to make an unsolicited offer in 2019.“It has been my view from the start that SolGold and Cornerstone are more valuable together than apart. This is an exciting value-enhancing transaction for all stakeholders.
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