U.S. Gold Corp. Acquires Northern Panther Resource Corporation
August 12, 2020
U.S. Gold Corp. (Nasdaq: USAU) has completed an all-share acquisition of Northern Panther Resource Corporation, a newly formed Nevada corporation whose principal asset is the Challis Gold Project in Idaho. The transaction adds a drill-ready exploration project and approximately $2.5 million in cash to U.S. Gold Corp., and was accompanied by concurrent preferred-stock financings that could bring up to $8.0 million of additional capital; several Northern Panther shareholders (including George Bee and Robert Schafer) became shareholders of U.S. Gold.
- Buyers
- U.S. Gold Corp.
- Targets
- Northern Panther Resource Corporation
- Sellers
- Shareholders of Northern Panther Resource Corporation (including George Bee and Robert Schafer)
- Industry
- Energy
- Location
- Nevada, United States
- Transaction Type
- Buyout
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