Movers and SHAKERS
Allegiant Gold (AUXXF)(AUAU:CA)
Allegiant Gold is a mid-stage exploration stage company with 10 highly prospective projects in the southwest United States, including 7 projects in the State of Nevada. Allegiant's flagship project is Eastside, a district-scale project in Nevada with inferred resources of 1.4 million gold and 8.8 million silver ounces of inferred resources and significant potential to add size and scale. The company's shares trade on the TSX Venture Exchange under the ticker symbol "AUAU" and on the OTCQX under the ticker symbol "AUXXF."
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Strategic partnership with Kinross Gold. Allegiant Gold announced a financing and strategic investment by Kinross Gold Corporation (NYSE: KGC, TSX: K) which is expected to accelerate exploration and development activities at Allegiant's Eastside gold project in Nevada. Upon transaction close, Kinross will own 9.9% of Allegiant’s outstanding shares. Allegiant and Kinross will enter into an investor rights agreement, including the grant of standard anti-dilution and equity participation rights to Kinross. The transaction is subject to certain conditions and is expected to close on or about March 18, 2022.
Transaction terms. Kinross executed a C$4,014,414 subscription agreement with Allegiant to acquire 10,036,034 units at C$0.40 per unit. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant may be exercised to purchase one common share at a price of C$0.70 for two years following the closing date ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.