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    Home»Mining & Resources»Radio Fuels and NV King Goldlands Declare Merger
    Mining & Resources

    Radio Fuels and NV King Goldlands Declare Merger

    Alexander LeeBy Alexander LeeAugust 26, 2024Updated:August 26, 2024No Comments2 Mins Read
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    On August 26, 2024, Radio Fuels Energy Corp. (CSE: CAKE) (OTCQB: CKEFF) announced a definitive arrangement agreement with NV King Goldlands Inc. The Arrangement Agreement entails Radio Fuels acquiring all outstanding shares of NV King through a statutory plan of arrangement, with NV King shareholders holding 40% of Radio Fuels Shares post-Transaction.

    Key highlights of the Transaction include Radio Fuels expanding its project portfolio, gaining exposure to the Atlanta Gold Mine Project through NV King, obtaining a strong balance sheet with approximately $20 million in cash, and offering NV King shareholders CSE-listed Radio Fuels Shares.

    Phil O’Neill, CEO of Radio Fuels Energy Corp., expressed enthusiasm for the agreement, highlighting the strategic fit between the companies’ assets and the benefits it brings to both sets of shareholders.

    The Transaction, subject to shareholder and court approvals, is expected to close in Q4 2024. The boards of both companies unanimously support the Agreement, with Radio Fuels’ current board expected to remain post-Transaction. Further details will be furnished in materials sent to NV King shareholders for approval.

    NV King Goldlands Inc. holds significant mineral claim areas in Nevada, while Radio Fuels Energy Corp. focuses on uranium and other commodities through project investment and exploration. A Mineral Resource estimate from the Eco Ridge Project is provided in the release, showcasing the project’s potential.

    This news release contains forward-looking statements, and readers are cautioned that actual results may differ from projections due to various factors. Both Radio Fuels and NV King are committed to updating any changes as required by applicable securities laws.

    For more information, please contact the respective companies. Source: Radio Fuels Energy Corp.
    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221094.

    business combination fuels goldlands radio
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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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