Great Northern Gold Exploration Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Great Northern Gold Exploration Corp Signs Letter Of Intent For Acquisition Of Specialty Finance And Service Company
Great Northern Gold Exploration Corp announced that it has entered into a letter of intent (the LOI) to acquire all of the issued and outstanding securities of an Ontario-based specialty finance company with operations in North America. Pursuant to the terms of the LOI, concurrent with the closing of the acquisition, the Company's management and directors will be replaced with nominees of the Target and will issue sufficient securities such that the transaction will constitute a Change of Business Reverse Takeover (RTO) under the rules and policies of the Toronto Venture Exchange. Financial terms of the transaction were not disclosed.
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