Satori Acquires Rob McEwen’s Apollo Exploration

Satori Resources Inc. has completed the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. As a result of the transaction, Rob McEwen now has a 37.6 % share in Satori, its largest shareholder.

Satori has approximately $2,000,000 in cash, no debt, and in addition to the Tartan Lake Mine, now owns exploration properties in Ontario and Quebec surrounding some of Canada’s largest gold mines and development projects 

Satori shareholders approved the acquisition of Apollo Exploration in late March, 2023. The shareholders also approved changing the name of the company to Canadian Gold Corp.

Apollo had been acquiring key exploration projects around Canada’s largest gold mines and development projects, including the Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold), and the Hammond Reef Project (Agnico Eagle). At closing, the combined company will have approximately CDN$ 2.2 million and no debt.

Satori previously owned the high-grade gold zones at the past-producing Tartan Lake Gold Mine in Flin Flon, Manitoba. 

 

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