Magnum Goldcorp Inc. Announces Signing of Amalgamation Agreement with Atlantico Energy Metals

Core Viewpoint - Magnum Goldcorp Inc. has signed a definitive Amalgamation Agreement with Atlantico Energy Metals Inc. to acquire all outstanding shares of Atlantico, marking a significant step in the company's growth strategy [1][2]. Transaction Details - The Company will acquire all outstanding shares of Atlantico in exchange for units at a deemed price of at least $0.10 per unit, which will include one common share and one transferrable warrant [2]. - Each warrant will allow the holder to acquire an additional share at a price of $0.20 for 24 months following the closing date [2]. Financing and Use of Proceeds - Atlantico plans to complete a private placement to raise up to $1,380,000 by issuing up to 13,780,000 shares at $0.10 each, with proceeds allocated for transaction expenses, exploration, investor relations, and general administrative costs [3]. Shareholder Approval and Listing - Prior to the transaction's completion, the Company intends to seek shareholder approval for delisting from the TSX Venture Exchange and aims to list on the Canadian Securities Exchange post-transaction [4]. Conditions for Completion - The transaction is subject to various conditions, including necessary approvals from shareholders and regulatory authorities, as well as customary conditions for such transactions [5].