M&A
confidence high
sentiment neutral
materiality 0.70
Star Gold to acquire Scossa & Kinkaid properties via 60% stock issuance to Romios
Star Gold Corp.
- Star Gold to issue 20,383,604 post-reverse-split shares for 100% of Romios Gold Nevada; Romios gets 60% of combined entity.
- Deal contingent on 10:1 reverse split by Star Gold, $1.5M capital raise, and corporate/regulatory approvals.
- Definitive share purchase agreement targeted by March 14, 2025, with outside deadline of March 31, 2025.
- Romios gets 60-day right of first refusal to buy royalty options on Longstreet ($3.75M), Scossa ($1.81M), and Kinkaid ($1.25M).
- Acquisition includes Scossa Mine (gold/silver/copper) and Kinkaid Property, complementing Star Gold's Longstreet near-term production project.