Elevation Gold Announces Canadian Approval of Purchase and Sale Agreement | PR Newswire [Video]

, /PRNewswire/ – Elevation Gold Mining Corporation (TSXV: ELVT.H) (the “Company” or “Elevation Gold“) previously announced in its press release dated December 4, 2024 that it entered into a purchase and sale agreement dated December 2, 2024 (the “APS“), with an arm’s length purchaser, EG Acquisition LLC (the “Purchaser“), in respect of the purchase and sale of certain of Elevation’s assets (the “Transaction“), including the outstanding common shares of Golden Vertex Corp. (“GVC“), which holds the Moss Mine located in Arizona.

The APS and the Transaction are subject to approval of the BC Court and recognition and enforcement by the US Court.

The hearing of the Petitioners’ application to the BC Court (the “Canadian Approval Hearing“) for an order, among other things, approving the Transaction (the “Canadian Approval Order“) took place at 10:00 am PST on December 17, 2024 in Vancouver, British Columbia. …