Pasofino Securityholders Approve C$0.90 Cash Acquisition by Mansa Resources
Summary
Pasofino Gold Limited securityholders have overwhelmingly approved the statutory plan of arrangement for Mansa Resources Limited to acquire all outstanding common shares not already owned by Mansa for C$0.90 in cash per share. This approval is a critical milestone in the previously announced acquisition, providing a significant premium over the current stock price and a clear exit for remaining shareholders. The arrangement now awaits final approval from the Supreme Court of British Columbia, with a hearing expected during the week of April 7, 2026. Upon completion, Pasofino's shares are expected to be delisted from the TSX Venture Exchange, and the company will cease to be a reporting issuer.
At the time of this announcement, EFRGF was trading at $0.63 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $96.1M. The 52-week trading range was $0.26 to $0.83. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.