On September 16, 2021, Talisker Resources Ltd. completed its acquisition of New Carolin Gold Corp. pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia). Pursuant to the arrangement, each former New Carolin shareholder is entitled to receive 0.3196 of a Talisker common share for each New Carolin common share held. Following completion of the arrangement, Talisker has 274,829,052 common shares issued and outstanding, of which approximately 6.8% are owned by former New Carolin shareholders.
Cassels acted for Talisker.