GT Gold Corp.

GT Gold Corp. today announced that its Board of Directors has concluded that there was no basis for allegations made during a proxy contest, accusing Mr. Ashwath Mehra, the Executive Chairman of the Company, of using the Company's funds for personal expenses. The Board, through a committee comprising independent directors, has undertaken a thorough review of the allegations made by a Company shareholder during the [...]

GT Gold Corp. today announced that all of the required regulatory approvals have been obtained with respect to the proposed plan of arrangement pursuant to which Newmont Corp. will acquire all of the issued and outstanding common shares of the Company, which it and its affiliates do not already own, by way of a plan of arrangement. Under the terms of the Arrangement, shareholders of GT Gold, other than in respect of [...]

GT Gold Corp. is pleased to announce that at today's special meeting of the Company's shareholders, the Company's shareholders approved the previously announced arrangement pursuant to which Newmont Corp. will acquire the remaining 85.1% of common shares of the Company which it and its affiliates do not already own. Under the terms of the Arrangement, shareholders of GT Gold will receive C$3.25 per Share in cash [...]

The K2 Principal Fund L.P. announces that it has acquired an additional 4,714,700 common shares in the capital of GT Gold Corp. through the facilities of the TSX Venture Exchange. Between January 16, 2021 and March 10, 2021, K2 purchased an additional 4,714,700 common shares of GT Gold at purchase prices between $2.20 and $3.20 per share for a total cost of $14,251,652.87 over the facilities of the TSX Venture [...]

GT Gold Corp. and Newmont Corp. are pleased to announce that they have entered into a binding agreement, pursuant to which Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own for C$3.25 per share in cash. The total equity value pursuant to the Transaction is approximately C$456 million on a fully diluted basis. The Transaction Price represents a premium of 38% to [...]

GT Gold Corp. today announces the results of a drilling program at Quash Pass, on its Tatogga property in BC. Quash Pass Exploration Summary The Quash Pass target covers an area of approximately fourteen square kilometres and is located seven km to the south-southwest of the Saddle North and Saddle South discoveries. The target is a large-scale surface anomaly with reactive host rocks, chemistry variations [...]

GT Gold Corp. today set the record straight on misleading statements by The K2 Principal Fund L.P. and Muddy Waters Capital LLC that materially misrepresent GT Gold's recent financing and the Board representation discussions. Muddy Waters' Unacceptable Financing Initiative GT Gold's Board of Directors unanimously rejected the financing proposed by Muddy Waters because it was not in the best interests of the Company [...]

The K2 Principal Fund L.P. Corp announces an updated holding in GT Gold Corp. Between July 9, 2020 and January 15, 2021 K2 has purchased an additional 2,862,500 common shares of GT Gold with purchase prices between $1.25 and $2.35 per share for a total cost of $5,156,836.37 the shares were purchased through the TSX Venture exchange and a non-brokered private placement. Additionally, between December 15, 2020 and [...]

GT Gold Corp. today announced that it will hold a meeting of shareholders on April 13, 2021 in response to a requisition by The K2 Principal Fund L.P. The record date for the requisitioned meeting is February 12, 2021. Shareholders will receive detailed information about the requisitioned meeting by way of a Management Information Circular in advance of the requisitioned meeting. Shareholders should read the circular [...]

GT Gold Corp. today provided initial comments on the news release issued by The K2 Principal Fund L.P. on December 15, 2020, in which K2 requested that the Company convene a meeting of GT Gold shareholders for the purposes of reconstituting the Company’s Board of Directors. GT Gold highlights the following: Strong share price performance. GT Gold has consistently outperformed its peers, delivering cumulative [...]