Sol Gold offers to acquire Cornerstone Capital Resources

Share This Post

The proposed transaction by Sol Gold is to acquire all the shares of Cornerstone, at a premium of approximately 22% over its closing price on the TSX on June 29. If the acquisition is completed, Sol Gold will be the exclusive owner of the Alpala project, with measured and indicated resources of

2,663 million tons @ 0.53% CuEq for 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag. The inferred resources are 544 Mt @ 0.31% CuEq for 1.3 Mt Cu, 1.9 Moz Au and 10.6 Moz Ag. Cornerstone believes this to be a hostile bid and has recommended its shareholders to reject it. 

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Do You Want To Boost Your Business?

drop us a line and keep in touch

Learn how we helped 100 top brands gain success.

Let's have a chat