MINING REFINING

Imperial Ginseng enters merger deal with One Bullion

Mon Sep 16 2024

Imperial Ginseng Products has signed a definitive merger deal with One Bullion, a gold exploration company based in Toronto, Canada, with projects in Botswana. Under the agreed terms, Imperial Ginseng will acquire all issued and outstanding common shares of One Bullion.

The merger will be executed through a newly formed subsidiary of Imperial Ginseng (NewCo). In association with this deal, One Bullion plans to raise between $3m and $5m in concurrent financing. The merger is contingent upon the approval of the TSX Venture Exchange (TSXV).

Upon completion, the merged entity will adopt a new name agreed upon by One Bullion and will aim to be listed as a Tier 2 mining issuer on the TSXV.

Source: https://www.mining-technology.com/