InvestorsHub Logo
Followers 1081
Posts 107195
Boards Moderated 55
Alias Born 11/22/2003

Re: wingtrade post# 326

Friday, 03/31/2023 10:11:58 AM

Friday, March 31, 2023 10:11:58 AM

Post# of 400
Satori Shareholders Approve Acquisition of Rob McEwen's Apollo Exploration, Resulting in
Rob McEwen Holding a 37.6% of the Company -
New Company Proposed to be Named Canadian Gold Corp.
(TSXV: BUD / STRRF )
Toronto, Ontario--(Newsfile Corp. - March 31, 2023) -


Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce that
shareholders have approved the acquisition of Rob McEwen's 100% owned private
exploration company, Apollo Exploration Inc. ("Apollo").
Apollo has been acquiring key exploration projects around Canada's largest gold mines and
development projects, including
the Canadian Malartic Mine (Agnico Eagle),
the Hemlo Mine (Barrick Gold) and
the Hammond Reef Project (Agnico Eagle).


At closing, the combined company will have approximately CDN$2.2 million and no debt.

Shareholders also approved a name change for the Company, specifically,

Canadian Gold Corp., and a new ticker symbol, CGC, has been reserved.

Closing is expected to occur mid-April and remains subject to receipt of
final approval of the TSX Venture Exchange.

Upon final completion of the transaction, Rob McEwen will be Satori's largest shareholder
owning 37.6% of the Company.
Satori has entered into a definitive agreement with McEwen and Apollo, whereby Satori
shall issue 60,000,000 common shares to acquire all the issued and outstanding shares of
Apollo.
Further details of the definitive agreement are set out in the Company's news release dated
February 6, 2023, and in its management information circular dated February 23, 2023 (the
"Circular") found on www.sedar.com.

The TSX Venture Exchange has provided conditional approval for this transaction, which
was subject to receipt of shareholder approval for the creation of a new control person.

All other items of business were approved by shareholders at the Company's annual and
special meeting of shareholders, including the appointment of MNP LLP as auditors, the
2021 stock option plan and the election of Alex McEwen as a new director, along with
Pete Shippen, Jennifer Boyle, Doug Flegg, Wes Hanson, and Jeff Kilborn.

ABOUT SATORI RESOURCES INC. (TSXV: BUD)

Satori is a Toronto-based mineral exploration and development company whose primary
property is expanding the resource at the past producing
Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt, Manitoba.

The Tartan Lake Project (2,670 Ha.) is located approximately 12 kilometres northeast of
Flin Flon, Manitoba, and includes the Tartan Lake Mine (1986-1989) which produced
36,000 ounces of gold before the mine was shut down due to, in part, the price of
gold falling below USD$390.
Remaining infrastructure includes: an indicated resource estimate of 240,000 ounces
averaging 6.32 g/t Au (see Technical Report dated April 5, 2017 entitled "Satori Resources
Tartan Lake Project Technical Report Manitoba, Canada April 2017", prepared by Mining
Plus Canada Consulting Ltd. available on www.sedar.com), an all-season access road,
grid connected power supply, mill, mechanical, warehouse and office buildings, tailing
impoundment and a 2,100 metre decline and developed underground mining galleries to a
depth of 300 metres from surface.
Gold mineralization is associated with anastomosing quartz-carbonate veins hosted in east-
west striking, steeply dipping shear zones up to 30 metres in width.
The veins vary from several centimetres to several metres in width and gold grades vary
from 1.0 to +100 g/t. Satori believes the mineral resources of the project are currently
limited by drill coverage.


FOR FURTHER INFORMATION, PLEASE CONTACT:

Jennifer Boyle, B.A., LL.B.
President and Chief Executive Officer
Satori Resources Inc.
(416) 904-2714
jennifer@capexgroupinc.com




https://www.satoriresources.ca

https://satoriresources.ca/rob-mcewen-to-acquire-37-6-of-satori-resources/

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171364027

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171504345

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171503631
Bullish
Bullish


My opinions are my own and and DD I post should be confirmed as unbiased