Announcement • Jun 24
Atlantico Energy Metals Inc. entered into a Letter of Intent to acquire Magnum Goldcorp Inc. (TSXV:MGI) in a reverse merger transaction. Atlantico Energy Metals Inc. entered into a Letter of Intent to acquire Magnum Goldcorp Inc. (TSXV:MGI) in a reverse merger transaction on June 19, 2025. The consideration consists of units of Atlantico Energy Metals Inc. to be issued for common equity of Magnum Goldcorp Inc. As part of consideration, an undisclosed value is paid towards common equity of Magnum Goldcorp Inc. Each Consideration Unit will consist of one common share in the capital of the Company and one transferrable warrant. Each Warrant will entitle the holder to acquire an additional Share (a “Warrant Share”) at a price of CAD 0.20 for a period of 24 months from the date of Closing. Prior to Closing, Atlantico intends to complete a private placement to raise gross proceeds of up to CAD 1,380,000 (the “Offering”) by issuing up to 13,780,000 Atlantico Shares at a price of CAD 0.10 per Atlantico Financing Share. The proceeds of the Offering will be used for the Transaction expenses, exploration expenses, for investor relations and marketing expenses and for general and administrative expenses before and after the Transaction. Upon completion of the Transaction, it is anticipated that the Company’s Board and Senior Management will be comprised Bonn Smith, Chief Executive Officer and Director, Sead Hamzagic, Chief Financial Officer, Secretary and Director, Douglas Mason, Director and Chair and David Smith, Director.
The transaction is subject to entry into a definitive transaction agreement, completion of the parties respective due diligence, receipt of all necessary approvals from the shareholders of the parties and all applicable stock exchanges and regulatory authorities. New Risk • Jun 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 87% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 2.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.35m market cap, or US$989.2k). Announcement • Jun 03
Magnum Goldcorp Inc. announced that it has received CAD 0.15 million in funding On June 2, 2025, Magnum Goldcorp Inc. closed the transaction. Certain insiders of the Company purchased an aggregate of 200,000 Units under the private placement. 
