Investorideas.com (www.investorideas.com newswire) a trusted platform for investing ideas including mining stocks
issues a news and trading alert for Valor Gold Corp (TSX: VGC)
The stock started trading today on the TSX and is currently trading at
$8.00 as of this report.
On June 3rd Seabridge Gold Inc. (TSX: SEA) (NYSE: SA)
announced that it has closed its previously announced spin-out
transaction of Valor Gold Corp. by way of a statutory plan of
arrangement under the Canada Business Corporation Act effective at
12:01 a.m. (Vancouver time) on June 3, 2026 .
Pursuant to the Arrangement, Seabridge has transferred its 100%
interest in the Courageous Lake gold project located in the Northwest
Territories, Canada to Valor and each share of Seabridge outstanding
as at the close of business on the business day prior to the Effective
Date, being June 2, 2026, will be exchanged for (a) one new Seabridge
share for every Old Seabridge Share held, and (b) one common share of
Valor for every approximately 1.957 Seabridge shares held.1 After
giving effect to the Arrangement, there are 55,000,000 Valor Shares
issued and outstanding.
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