EG Acquisition LLC Purchases Moss Mine Assets from Elevation Gold

December 31, 2024

Elevation Gold Mining Corporation entered into a purchase and sale agreement with EG Acquisition LLC to sell certain assets, including the outstanding common shares of Golden Vertex Corp., which holds the Moss Mine in Arizona. The transaction received Canadian Supreme Court approval on December 17, 2024 and the U.S. recognition/approval order was entered on December 30, 2024, with closing expected/occurring on December 31, 2024.

Buyers
EG Acquisition LLC
Targets
Golden Vertex Corp., Golden Vertex (Idaho) Corp., Elevation Gold Mining Corporation (certain assets, including shares of Golden Vertex Corp.)
Sellers
Elevation Gold Mining Corporation
Industry
Oil & Gas
Location
Arizona, United States
Transaction Type
Divestiture

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