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Levon Resources (TSXV:LVN) (“Levon“) and Discovery Metals (TSXV:DSV) (“Discovery”) have entered into an arrangement agreement to combine the two companies, creating a leading silver-focused exploration and development company that will control several district-scale projects in Mexico. Upon completion of the transaction, existing Levon and Discovery shareholders will own approximately 49.6% and 50.4% of the combined company, respectively.
The proposed arrangement provides shareholders with access to two district-scale projects, as well as an enhanced capital markets profile supported by the Oxygen Capital team.
Fort Capital Partners acted as financial advisor and has provided a fairness opinion to Levon with respect to the transaction.