On February 6, 2024, STLLR Gold Inc. (formerly Moneta Gold Inc.) and Nighthawk Gold Corp. completed their previously announced at-market merger by way of a court-approved plan of arrangement.
Under the terms of the arrangement, STLLR acquired all of the issued outstanding common shares of Nighthawk. Former holders of Nighthawk shares received 0.21 of a common share of STLLR for each Nighthawk share held. In aggregate, 39,567,651 STLLR shares were issued to former Nighthawk shareholders. As a result of the arrangement, Nighthawk has become a wholly-owned subsidiary of STLLR.
In connection with the transaction, Moneta Gold changed its name to “STLLR Gold Inc.” and effected a 2-for-1 consolidation of its common shares.
STLLR Gold Inc listed on the Toronto Stock Exchange on February 12, 2024 under STLR.
Cassels acted for Nighthawk.