Cornerstone Capital Resources announced the completion of the plan of arrangement with SolGold effective February 24, 2023. Cornerstone is now a wholly-owned subsidiary of SolGold. In connection with the Arrangement, SolGold acquired all of the issued and outstanding common shares of Cornerstone, other than the Cornerstone Shares already held, directly or indirectly, by SolGold. In particular, holders of Cornerstone Shares, other than SolGold, received 15 SolGold ordinary shares for each Cornerstone Share held. The SolGold Shares that were issued pursuant to the Arrangement have been admitted to the standard listing segment of the Official List of the UK Financial Conduct Authority and have been admitted for listing and trading on the Main Market of the London Stock Exchange and the Toronto Stock Exchange under the symbol "SOLG", subject only to the satisfaction of customary listing conditions. The Cornerstone Shares are expected to be de-listed from the TSX Venture Exchange after the close of trading on February 28, 2023. It is also expected that the Cornerstone Shares will cease trading on the OTC Pink Market and Frankfurt Stock Exchange. SolGold will cause Cornerstone to apply to the relevant Canadian securities regulatory authorities to cease to be a reporting issuer under applicable Canadian securities laws.
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