Sunday, August 24, 2025

Latest

Blackrock Mulls Spinout Of Former Flagship Property Silver Cloud

Blackrock Gold Corp (TSXV: BRC) is looking to unlock some value for shareholders. The company announced this morning that it intends to spin out its former flagship property, Silver Cloud, into a new public issuer. The move comes as recent discoveries at Tonopah West have resulted in the company refocusing its current exploration efforts.

The intent of the spinout is for the company to better realize value for its shareholders from its current assets. CEO Andrew Pollard comments, “we don’t believe the market is fully valuing the sum of our parts and we see this as the ideal solution to ensure both projects get the attention and command the valuation of which they deserve, with purpose-built teams for each.”

Under the proposed spinout, shareholders would receive one share of the spinout firm for each three shares held of Blackrock Gold on the date of record. Shares issued for the spinout would be subject to resale restrictions, with 25% of the shares available for free trading, and a further 25% unlocking quarterly.

The proposed transaction is still subject to a number of conditions, such as financial analysis and determination of structure. Blackrock has also commented that it intends to provide certain funding to the project to enable it to proceed forward successfully.

A timeline for completion has not been provided.

Blackrock Gold Corp last traded at $ on the TSX Venture.


Information for this briefing was found via Sedar and Blackrock Gold Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Equinox Gold Q2 Earnings: Back On Track

G Mining Q2 Earnings: Costing Gone Wild

Aya Gold Q2 Earnings: Production Slips Amid Ramp Up

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

The Deep Dive Compiles Company Profile On AUX Resources

AUX Resources Corporation (TSXV: AUX) is a gold mining company focused on the Stewart Mining...

Saturday, September 12, 2020, 08:30:00 AM

Wallbridge To Conduct $56.0 Million Bought Deal Financing

Wallbridge Mining (TSX: WM) this morning announced that it is conducting a bought deal financing...

Wednesday, September 16, 2020, 08:43:52 AM

Osisko Gold: Haywood Upgrades Price Target From $19.75 to $22.25

Osisko Gold Royalties (TSX: OR) (NYSE: OR) provided an update on their deliveries received this...

Friday, July 10, 2020, 03:36:35 PM

Osisko Development Sees CFO Resign After 3 Months

Osisko Development (TSXV: ODV) released a rather long corporate update this morning, with the firm...

Tuesday, January 19, 2021, 08:55:02 AM

Amex Intersects 79.22 G/T Gold Over 6.15 Metres At Perron Gold Property

Amex Exploration Inc. (TSXV: AMX) reported today the assays from its definition and expansion drilling...

Monday, June 28, 2021, 10:22:00 AM