Dark Streaming/Mobile Old Site Home Products Help Contact Us Your Account System Status
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
13:10:57 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Allegiant Gold Ltd
Symbol AUAU
Shares Issued 103,439,330
Close 2023-10-26 C$ 0.14
Market Cap C$ 14,481,506
Recent Sedar Documents

Allegiant acquires 8.91 million Summa shares

2023-10-26 16:27 ET - News Release

Also News Release (C-SSVR) Summa Silver Corp

Subject: Allegiant Gold Ltd. - Early Warning News Release - Immediate Dissemination Word Document File: '\\swfile\EmailIn\20231026 131211 Attachment AUAU Early Warning News Release - Summa Silver Corp. - 2023-10-26.DOC' ALLEGIANT GOLD LTD. 1090 HAMILTON STREET VANCOUVER, BC V6B 2R9 October 26, 2023 FOR IMMEDIATE RELEASE ALLEGIANT GOLD LTD. ANNOUNCES INCREASE IN OWNERSHIP OF THE COMMON SHARES OF SUMMAR SILVER CORP. Allegiant Gold Ltd. (the "Acquiror"), an exploration company incorporated in British Columbia, announces that on October 26, 2023, it acquired ownership of 8,912,884 common shares (the "Shares") of Summa Silver Corp. (the "Company") at a deemed price of $0.4579 per Share. The issuance of Shares satisfies the Company's requirement to exercise the phase two option pursuant to an option and joint venture agreement (the "Agreement") entered into between the Acquiror and the Company on August 21, 2020. Following the issuance of the Shares to the Acquiror, the Company acquired 100% ownership of the Acquiror's Mogollon project (the "Project") located near Silver City, New Mexico (the "Property Transaction"). Prior to the acquisition of Shares pursuant to the Property Transaction, the Acquiror held 4,676,331 Shares of the Company and the Acquiror's non-diluted shareholdings represented approximately 4.89% [4,676,331 / 95,723,700] of the Company's issued and outstanding Shares. The Acquiror did not hold any convertible securities of the Company prior to completion of the Property Transaction. As a result of the acquisition of Shares pursuant to the Property Transaction, the Acquiror now holds a total of 13,589,215 Shares of the Company and the Acquiror's non-diluted shareholdings now represent approximately 12.99% [13,589,215 / 104,636,584] of the Company's issued and outstanding Shares. The Acquiror did not acquire any convertible securities of the Company as a result of the Property Transaction. Further details relating to the Property Transaction may be found in the news release of the Company dated October 19, 2023 and filed on SEDAR+. The Shares were acquired pursuant to the Agreement with respect to the acquisition of the Project by the Company. The Acquiror may, depending on market and other conditions, increase or decrease its beneficial ownership of or control or direction over the Company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. To obtain a copy of the early warning report filed by the Acquiror, please contact Sean McGrath at 604.634.0970 / sean@allegiantgold.com or refer to the Company's SEDAR+ profile at www.sedarplus.ca.

© 2024 Canjex Publishing Ltd. All rights reserved.