Seabridge Gold Inc Spinout Valor Gold Corp (TSX: VGC) Trading On TSX Today

(MENAFN- Investor Ideas) Investorideas ( newswir ) a trusted platform for investing ideas including mining stocks issues a news and trading alert for Valor Gold Corp (TSX: VGC )

The stock started trading today on the TSX and is currently trading at $8.00 as of this report.

On June 3^rdSeabridge Gold Inc. (TSX: SEA) (NYSE: SA) announced that it has closed its previously announced spin-out transaction of Valor Gold Corp. by way of a statutory plan of arrangement under the Canada Business Corporation Act effective at 12:01 a.m. (Vancouver time) on June 3, 2026.

Pursuant to the Arrangement, Seabridge has transferred its 100% interest in the Courageous Lake gold project located in the Northwest Territories, Canada to Valor and each share of Seabridge outstanding as at the close of business on the business day prior to the Effective Date, being June 2, 2026, will be exchanged for (a) one new Seabridge share for every Old Seabridge Share held, and (b) one common share of Valor for every approximately 1.957 Seabridge shares held.1 After giving effect to the Arrangement, there are 55,000,000 Valor Shares issued and outstanding.

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