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BRIEF-Silver Mountain Mines Enters Into Letter Of Intent With Nevgold Corp. For A Proposed Reverse Takeover

Published 2021-01-19, 10:39 a/m
Updated 2021-01-19, 10:42 a/m
© Reuters.

Silver Mountain Mines Inc SMM.V :

* SILVER MOUNTAIN MINES ENTERS INTO LETTER OF INTENT WITH NEVGOLD CORP. FOR A PROPOSED REVERSE TAKEOVER

* SILVER MOUNTAIN MINES INC - WILL ACQUIRE ALL OF COMMON SHARES IN CAPITAL OF NEVGOLD

* SILVER MOUNTAIN MINES INC - DEAL TERMS INCLUDE ONE RESULTING ISSUER SHARE FOR EACH NEVGOLD SHARE

* SILVER MOUNTAIN MINES INC - DEAL WILL RESULT IN ISSUANCE OF UP TO 25 MILLION RESULTING ISSUER SHARES TO SHAREHOLDERS OF NEVGOLD

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