Fort Capital Partners is pleased to announce its role as financial advisor to the special committee of Victory Metals.
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Victory Metals Inc. (TSXV:VMX) (“Victory Metals” or the “Company”) has announced that it has entered into a binding letter agreement with Nevada King Mining Ltd. (“Nevada King“), whereby Victory Metals will acquire all the issued and outstanding shares of Nevada King, resulting in a 50:50 combination between the two companies (the “Transaction”).
The Transaction brings together a portfolio of development stage assets in Nevada: the Atlanta Gold Mine (a past producing gold mine), the Iron Point Vanadium/Gold Project (North America’s largest mineralized vanadium footprint) and a portfolio of mining claims representing the fourth largest number of active claims in Nevada.
Advancement of this portfolio will be managed by a highly experienced and successful team of mining entrepreneurs led by Executive Chairman Paul Matysek and CEO Collin Kettell.
The Transaction is contingent on the completion of a $8 million private placement, which is being fully backstopped by Palisades Goldcorp Ltd.
Fort Capital acted as financial advisor to the special committee of Victory Metals and provided a fairness opinion with respect to the Transaction.