Southstone Minerals signs deal for Terry L. Tucker to take it private at CAD 0.0375 a share
Bitget2026/09/23 16:16- Terry L. Tucker agreed to acquire the Southstone Minerals shares he does not already own in a going-private transaction.
- Minority holders to receive CAD 0.04 per share in cash, valuing the payout at about CAD 1.07 million for 28,626,888 shares.
- Tucker owns 4,775,000 shares, or 14.3%, with no cash paid on those holdings.
- Completion would leave the company wholly owned by Tucker, triggering a TSXV delisting and an end to public reporting status.
- Total cash and obligations tied to the deal expected at about CAD 4.94 million, including the shareholder payout and debt-related items.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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