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THEMAC receives court approval for acquisition by Tulla Resources (TSXV:MAC:CA)

  • THEMAC Resources Group (TSXV: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
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