Constantine Metal completes HighGold spinout

Aug 2, 2019

2019-08-02 08:21 ET – News Release

Mr. Garfield MacVeigh reports

CONSTANTINE ANNOUNCES COMPLETION OF SPIN-OUT OF HIGHGOLD MINING INC.

Constantine Metal Resources Ltd. has completed its previously announced plan of arrangement with HighGold Mining Inc. as of Aug. 1, 2019.

Under the terms of the arrangement, Constantine transferred its gold assets to HighGold, and Constantine shareholders received one common share of HighGold for every three common shares of Constantine held. HighGold now holds the following assets:

The Johnson Tract gold-silver-zinc-copper-lead project in Alaska;
The Munro-Croesus project, the Golden Mile project and the Golden Perimeter project, in the Timmins gold camp, Ontario;
A Yukon joint venture project;
Certain royalty rights in Ontario.

HighGold has applied to have its shares listed on the TSX Venture Exchange.

Effective at the opening of markets on Aug. 2, 2019, the Constantine shares will commence trading on an ex distribution basis without any due bill entitlement, reflecting that the distribution of HighGold shares has occurred. The due bill redemption date will be Aug. 6, 2019.

About Constantine Metal Resources Ltd.

The company’s flagship asset is the Palmer project, a high-grade volcanogenic massive sulphide-sulphate (VMS) project being advanced as a joint venture between Constantine (51 per cent) and Dowa Metals & Mining Co. Ltd. (49 per cent), with Constantine as operator.

We seek Safe Harbor.

https://www.constantinemetals.com/