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VANCOUVER - Blue Jay Gold Corp. has completed its acquisition of Tincorp Metals Inc.’s (TSXV:TIN; OTCQX:TINFF) wholly-owned subsidiary, Whitehorse Gold (Yukon) Corp., the company announced Monday. Tincorp, with a market capitalization of $15.33 million, has seen its stock price double year-to-date according to InvestingPro data.
The transaction, effective September 29, 2025, gives Blue Jay 100% interest in the Skukum Gold Project located in Yukon, Canada, a former production site.
Under the terms of the share purchase agreement, Blue Jay issued 500,000 common shares and 250,000 common share purchase warrants to Tincorp at closing, with an aggregate value of $300,000. An additional $275,000, payable in cash and/or shares at Blue Jay’s election, is due on the first anniversary of the closing date.
Each warrant entitles Tincorp to acquire one additional common share at an exercise price of $0.90 per share for a two-year period, subject to certain acceleration provisions.
"Closing the Skukum Project acquisition is a defining step for Blue Jay," said Geordie Mark, CEO of Blue Jay, in the press release statement. Mark indicated the company plans to test growth potential of mineralized systems around underground development areas and develop new targets.
The Skukum Gold Project adds to Blue Jay’s portfolio of exploration projects in Canada. Blue Jay describes itself as a Canadian gold exploration company focused on growing and discovering resources within established brownfields regions in Canada.
The information in this article is based on a press release statement from Blue Jay Gold Corp. InvestingPro analysis indicates Tincorp is currently overvalued, with a FAIR financial health rating. For more detailed analysis and exclusive insights on mining stocks, consider exploring InvestingPro’s comprehensive metrics and expert recommendations.
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