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Blackwolf has a 100% interest in the Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. Credit: Blackwolf Copper and Gold
Upon completion of the share exchange, existing Treasury and Blackwolf shareholders will own approximately 68.3% and 31.7% of the combined company. Treasury expects this business combination to help advance its Goliath Gold Complex project in northwestern Ontario to production through a strengthened cash balance of C$10 million and a new capital markets strategy led by Giustra. land package that hosts three distinct projects within the Wabigoon greenstone belt. The main Goliath project includes an open-pit and underground gold mine and associated milling facility located 20 km east of Dryden, Ontario.
Commenting on the deal, Giustra said he believes this is “a strong transaction” that puts the company on the path of a buy-and-build strategy that he has implemented many times. Frank Giustra is expected to be the lead subscriber and become the company’s largest shareholder following completion.
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