THEMAC receives court approval for acquisition by Tulla Resources

Published 4 weeks ago Positive
THEMAC receives court approval for acquisition by Tulla Resources
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* THEMAC Resources Group (TSXV:MAC:CA [https://seekingalpha.com/symbol/MAC:CA]) has received the final order from the Yukon Supreme Court approving its acquisition by Tulla Resources Group Pty.
* Under the plan of arrangement, Tulla will acquire all remaining common shares of THEMAC not already owned.
* Shareholders will receive CAD $0.08 per share in cash.
* The transaction is expected to close later this month.
* Upon completion, THEMAC will become a wholly owned subsidiary of Tulla and its shares will be delisted from the TSX Venture Exchang.
* Source: Press release [https://seekingalpha.com/pr/20261749-themac-receives-final-court-approval-and-provides-update-on-going-private-transaction]

MORE ON THEMAC RESOURCES GROUP LIMITED

* Financial information for THEMAC Resources Group Limited [https://seekingalpha.com/symbol/MAC:CA/income-statement]