GoldHaven Resources Completes Acquisition of Boa Gold Corp's Brazilian Projects
Deal News | Jan 13, 2025 | Globenewswire
GoldHaven Resources Corp., a Vancouver-based junior exploration company, has successfully completed the acquisition of Boa Gold Corp. and its project portfolio in Brazil. The acquisition includes four key projects: Copeal, Bahia North, Bahia South, and Iguatu, with Copeal showcasing a significant gold anomaly and defined drill targets. This strategic move enhances GoldHaven's position in the gold and critical minerals sector. The company plans to initiate a drilling program in Brazil in 2025 to unlock potential value and confirm resource estimates. The acquisition was facilitated through a three-cornered amalgamation involving GoldHaven's wholly-owned subsidiary 1516478 B.C. Ltd. The details of the transaction include the issuance of 5,759,957 units of GoldHaven stock to Boa shareholders, with shares and warrants subjected to transfer restrictions.
Sectors
- Mining and Metals
- Investment and Acquisitions
Geography
- Canada – GoldHaven Resources Corp. is a Canadian exploration company, indicating its base of operations and origin.
- Brazil – The acquired projects—Copeal, Bahia North, Bahia South, and Iguatu—are located in Brazil, specifically in the Juruena Gold Province, making Brazil a central geography in the article.
Industry
- Mining and Metals – The article focuses on GoldHaven's acquisition of gold and critical mineral projects in Brazil, aligning with the mining and metals industry as it involves exploration and development of gold resources.
- Investment and Acquisitions – GoldHaven's acquisition of Boa Gold Corp. highlights investment activities in the mining sector, representative of strategic acquisitions to enhance resource portfolios.
Financials
- 5,759,957 units of GoldHaven stock – Units issued to former Boa Gold shareholders as part of the acquisition agreement, consisting of one common share and one common share purchase warrant per unit.
- $0.25 per Unit Warrant Share – Exercise price for each common share purchase warrant issued in the transaction, valid until January 13, 2027.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GoldHaven Resources Corp. | Acquiring Company | Company | GoldHaven is a Canadian junior exploration company engaged in acquiring and exploring mineral resources, focused primarily on gold and critical minerals. |
| Boa Gold Corp. | Target Company | Company | Boa Gold Corp. is the company being acquired by GoldHaven, holding four key mining projects in Brazil. |
| 1516478 B.C. Ltd. | Intermediate Entity | Company | A wholly-owned subsidiary of GoldHaven formed for the purpose of executing the transaction with Boa Gold. |
| Bonn Smith | CEO | Person | CEO of GoldHaven Resources Corp., guiding strategic operations and the acquisition process. |