M&A
confidence high
sentiment neutral
materiality 0.85
Nu-Med Plus to acquire Avid Gold Ltd and six gold properties in Canada via share exchange
Nu-Med Plus, Inc.
- Acquires 100% of Avid Gold Ltd for 4,500,000 Series A Preferred shares and assumption of $100,000 debt.
- Also acquires six gold mineral properties in Nova Scotia, New Brunswick, Newfoundland with 622,332 oz gold resource (45,391 Indicated, 576,942 Inferred).
- Post-closing requires shareholder approval for 1-for-27 reverse split, increase authorized shares to 500M, redomicile to Nevada.
- New leadership: Emma Priestley as President, William Hayde as Chairman, Keith Merrell as CFO; Jeffrey Robins resigns as director.
- Closing expected by July 8, 2026, subject to conditions including shareholder vote.