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New Deal


Announced

JR Resources to merge with Dakota Territory Resource.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Pending

Gold Mining

Single Bidder

United States

exploration-stage company

Friendly

Public

Domestic

Acquisition

Synopsis

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JR Resources agreed to merge with Dakota Territory Resource, a Nevada Corporation with offices located at Lead, South Dakota. "The merger between Dakota Territory and JR Resources combines the assets and talents of the two companies and we believe will enable Dakota Gold Corp. to unlock the mineral value of its assets for its shareholders. This merger will remove the existing control block and, along with the reverse stock split, will position the company to achieve its broader objective of exploring and identifying gold resources on our extensive property package in the historic Homestake gold district of South Dakota," Jonathan Awde, Dakota Territory President and CEO.

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