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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