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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