Galaxy Ventures signs definitive deal to acquire TruSilver Metals in three-cornered amalgamation
- Galaxy Ventures signed a definitive agreement dated May 28, 2026 to acquire TruSilver Metals via a three-cornered amalgamation.
- TruSilver shareholders are set to receive one Galaxy share for each TruSilver share, following a 2.5-for-1 Galaxy share consolidation.
- Consideration is set at a deemed price of CAD 0.25 per share, implying about CAD 7.11 million for 28,438,497 TruSilver shares.
- The combined company is expected to be renamed TruSilver Metals, focusing on the Sturgis-Walton Silver Project in Nova Scotia.
- A concurrent financing targets gross proceeds of CAD 2.5 million to CAD 5 million, with an over-allotment option of CAD 150,000.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galaxy Ventures Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202606011230ACCESSWRNAPR_____1172137) on June 01, 2026, and is solely responsible for the information contained therein.
