Gander Gold will be a public traded company after it is spun off from Sassy Resources sometime after February 1, 2022.
Gander Gold controls one of the largest land packages in new gold rush area of Newfoundland.
According to Sassy Resources CEO Mark Scott the structure of the new spinoff will be approximately as follows:
71 million shares outstanding
49.5 % owned by Sassy Resources
15% owned by Eric Sprott
12% owned by Sassy shareholders as of the record date