AVANTI GOLD CORP. (CSE: AGC) entered into a share exchange agreement to acquire MTM Ltd. for SCR 275 million on May 1, 2023. Pursuant to the terms of the Exchange Agreement, the Company proposes to acquire all of the issued and outstanding share capital of MTM in consideration for the issuance of an aggregate of 29 million common shares. All of the Consideration Shares will be subject to restrictions on resale for a period of five months following issuance, in addition to any restrictions imposed by applicable securities laws. Completion of the Transaction remains subject to receipt of any required regulatory approvals, and delivery of customary closing documents.

AVANTI GOLD CORP. (CSE: AGC) completed the acquisition of MTM Ltd. on June 3, 2024.