Northwire Canada EditionSaturday, July 18, 2026
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Other

Magnum extends outside date to complete Atlantico deal

MGI · Price

Executive Summary

  • Magnum Goldcorp Inc. and Atlantico Energy Metals Corp. executed a Second Amendment to their amalgamation agreement, extending the transaction’s outside completion date to May 31 2026.
  • The company will voluntarily delist its common shares from the TSX Venture Exchange on March 31 2026 and seeks to list on the Canadian Securities Exchange (CSE) before the new closing deadline.
  • Applications to amend 1,907,500 outstanding common share purchase warrants have been withdrawn; warrant amendments will be pursued after the TSX‑V delisting and prior to the CSE listing.

Key Details

  • Second Amendment Date: March 26 2026 (amending the original agreement dated Oct. 27 2025, as previously amended Jan. 12 2026).
  • Extended Outside Completion Date: May 31 2026 (previously March 31 2026). All other terms unchanged.
  • TSX‑V Delisting: Voluntary delisting effective March 31 2026.
  • Planned CSE Listing: Anticipated to be completed before the extended closing deadline, subject to meeting CSE listing requirements and obtaining necessary approvals.
  • Warrant Amendments: Withdrawal of applications to the TSX‑V for amendment of 1,907,500 common share purchase warrants; amendments will be revisited after delisting and before CSE listing.
  • Reference Releases: Prior disclosures on June 23 2025, Oct. 28 2025, Jan. 15 2026 provide additional transaction background.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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