https://youtu.be/p3Ko5YdMbOo

Join Ellis Martin now for a conversation with Aneel Waraich the Executive Vice President, Co-Founder and Director of Steppe Gold (OTCQX:STPGF) (TSX:STGO). You’ll hear an update on the company’s ATO Gold Mine in Mongolia as well as the following significant news establishing a strong gold footprint in Peru.

The company recently announced that they have entered into a binding letter of intent pursuant to which Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Anacortes Mining by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia), in an all-share transaction.

Under the terms of the Binding Agreement, Anacortes shareholders will receive 0.4532 of a Steppe Gold common share for each Anacortes Common Share, which represents consideration of approximately C$0.48 per Anacortes Common Share and a premium of 36% based on the closing prices of the Anacortes Common Shares on the TSX-V and the Steppe Common Shares on the TSX, each as of the close of trading on March 3, 2023. Shareholders of Steppe Gold and Anacortes will own 79% and 21% of the combined company, respectively, on a basic basis.

http://www.steppegold.com

Courtesy of The Ellis Martin Report