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SolGold & Cornerstone Announce Friendly Merger Transaction

October 17, 2022

SolGold plc and Cornerstone Capital Resources Inc. announced they have entered into a definitive agreement, where SolGold will acquire all of the issued and outstanding shares of Cornerstone, other than Cornerstone shares already held, directly or indirectly, by SolGold, pursuant to a court-approved plan of arrangement.

Bennett Jones is acting for SolGold on the deal.

The merger of the two companies will significantly strengthen their ability to create value for shareholders by consolidating 100% of the Cascabel copper-gold project, along with a robust portfolio of other projects, primarily across Ecuador.

The Bennett Jones team is led by James Clare, Christopher Doucet and Marshall Eidinger (Corporate/M&A) and includes Jessica Thrower, Bikaramjit Sandhu and Evan Stein (Corporate/M&A) and James Morand and Phil Ward (Tax).

More details on the transaction are available in SolGold's news release.

Key Contacts

  • James  Clare James Clare, Partner
  • Christopher J. Doucet Christopher J. Doucet, Partner
  • Marshall  Eidinger Marshall Eidinger, Partner
  • Jessica  Thrower Jessica Thrower, Associate
  • James G. Morand James G. Morand, Partner
  • Philip B. Ward Philip B. Ward, Partner

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