Tillkännagivande • May 26
Gatling Exploration Common Shares to Be Deleted from Other OTC Gatling Exploration Inc. Common Shares will be deleted from Other OTC effective from May 25, 2022, due to Acquisition /Merger /Amalgamation. Tillkännagivande • May 22
Gatling Exploration Inc.'s Common Shares Be Delisted from the Exchange The arrangement consists of an arm's length acquisition by MAG Silver Corp. of all of the issued and outstanding common shares (the "Gatling Shares") of Gatling Exploration Inc. in exchange for issuing 0.0170627 of a share of MAG for each Gatling Share by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). In conjunction with the consummation of the Arrangement, the Company has requested that its Common Shares be delisted. Accordingly, effective at the close of business on May 24th, 2022 the Common Shares under the symbol GTR of the Company will be delisted from the Exchange. Tillkännagivande • May 21
MAG Silver Corp. (TSX:MAG) completed the acquisition of Gatling Exploration Inc. (TSXV:GTR) from Sprott Asset Management LP and others. MAG Silver Corp. (TSX:MAG) entered into an arrangement agreement to acquire Gatling Exploration Inc. (TSXV:GTR) from Sprott Asset Management LP and others for CAD 18.3 million on March 10, 2022. Pursuant to the Arrangement Agreement, shareholders of Gatling will receive 0.0170627 of one common share of MAG for each Gatling share. Option holders of Gatling will receive replacement options of MAG and holders of outstanding common share purchase warrants of Gatling will have their warrants adjusted in accordance with their respective contractual terms. Upon completion of the Transaction, it is expected that Gatling shareholders will hold approximately 0.79% of MAG shares on an outstanding basis. Concurrent with the signing of the Arrangement Agreement and subject to TSXV approval, MAG has agreed to provide a bridge loan of up to CAD 3 million to Gatling, such Bridge Loan being evidenced by a promissory note and debenture, secured by a general security agreement. The loan will bear interest at a rate of 12% per annum and includes a conversion right whereby MAG may convert all or a portion of the outstanding principal amount and accrued interest into up to 19.9% of Gatling's issued and outstanding shares. The Arrangement Agreement contains customary provisions including non-solicitation and a right to match superior proposals in favour of MAG, as well as CAD 1 million termination fee or a CAD 0.6 million expense reimbursement payable to MAG under certain circumstances.
The Transaction will be effected by way of a court-approved plan of arrangement requiring the approval of 66 2/3rd of the votes cast by Gatling shareholders and option holders and the approval of the Supreme Court of British Columbia. The Transaction is also subject to the receipt of applicable regulatory approvals, all third person consents, including approval of the TSXV, Gatling shall have obtained and delivered to MAG written resignations, the MAG Shares to be issued to Gatling Securityholders in connection with the Arrangement shall have been approved for listing on the TSX and the NYSE American and the satisfaction of certain other closing conditions customary in transactions of this nature. The Board of Directors of Gatling unanimously approved the Arrangement Agreement, following the unanimous recommendation of a special committee of independent directors of Gatling. The Board of Directors recommends that its Securityholders vote in favour of the Transaction. The Arrangement has been also unanimously approved by the board of directors of MAG. Transaction has strong shareholder support via voting support agreements from Sprott Asset Management and the officers and directors of Gatling, for the common shares, options and warrants held by such parties which collectively represent approximately 15.19% of Gatling’s issued and outstanding common shares. Gatling shareholders meeting and closing of the Transaction are expected to occur in late-May 2022. The Transaction was approved by the shareholders of Gatling on May 13, 2022. As of May 17, 2022, the Supreme Court of British Columbia approved the transaction. As of May 16, 2022, the arrangement is expected to be completed on or around May 19, 2022. Computershare Investor Services Inc. acted as depository bank for Gatling Exploration.
Sprott Capital Partners acted as financial advisor to Gatling and has provided a fairness opinion to the special committee of Gatling. Miller Thomson LLP and Rory S. Godinho of Cozen O'Connor acted as legal advisors to Gatling. Kathleen Keilty of Blake, Cassels & Graydon LLP acted as legal advisor to MAG.
MAG Silver Corp. (TSX:MAG) completed the acquisition of Gatling Exploration Inc. (TSXV:GTR) from Sprott Asset Management LP and others on May 20, 2022. Post deal completion, Gatling Exploration became a wholly-owned subsidiary of MAG. The Gatling Shares will be de-listed from the TSX Venture Exchange at the close of trading on May 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Peter Damouni was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 27
Gatling Exploration Inc. Extends Multiple Zones Beyond the 2021 Mineral Resource Estimate Model At the Bear Deposit Including 9.4 G/T Au over 4.0 M At the Larder Gold Project GATLING EXPLORATION INC. announced multiple new gold intersections extending its previously reported 2021 Mineral Resource Estimate ("MRE") model including 9.4 g/t Au over 4.0 m in the Bear North zone and 14.7 g/t Au over 1.5 m in the newly tested Bear East Zone. Gatling has shifted focus from building the new MRE to expanding and extending these newly modelled zones along strike and at depth with ongoing drilling at the Larder Gold Project. Highgrade gold intersected outside 2021 Mineral Resource Estimate at the Bear Deposit. Since completion of the 2021 MRE at the Larder Gold Project, Gatling has utilized all block models and wire frame models for exploration across all three deposits . The recent focus at the Bear deposit has been extremely successful in extending all mineralized footprints along strike and at depth including 9.4 g/t Au over 4.0 m in drillhole GTR21 139, which has closed a large block model gap up plunge from the core of the deposit . This hole was designed to close a large 300 m data gap where drillholes had not been completed before and piercing the center point of this gap now provides the gold mineralization needed to connect the block model up and down plunge within 100 m. Lowgrade widespread mineralization combined with highgrade narrow gold zones indicate presence of structural controls. Gatling's three gold deposits sit along the prolific Cadillac Larder Lake Break which hosts multiple zones of structural complexities. Gatling has been able to prove the presence of steeply dipping plunge lines to the east and areas where gold is intersected in lowgrade widespread haloes indicates proximity to a repeating set of these structures. In holes GTR21137, and GTR21138 the lowgrade intersections are on the eastern side of the highgrade plunge line that was identified in drillhole GTR21132 which returned a value of 25.3 g/t Au over 4.0 m, thus providing exploration opportunities east of this mineralized zone to find another highgrade plunge line. Exploration at Bear West Zone yields positive results. Recent drilling at the Larder Gold Project during Fourth Quarter 2021 has been focused on expanded current zones and testing new mineralized horizons near the Bear deposit. As the drill program advanced westerly towards Cheminis, the drilling has identified new gold zones 750 m from the core of the Bear deposit within three drillholes, GTR21144, GTR21,147 and GTR21148, which includes 4.2 g/t Au over 3.0 m and 5.9 g/t Au over 2.0 m in both the north and south zones . Gatling plans to explore this horizon in Q1/Q2 2022 up and down plunge from these new mineralized zones to further connect the Bear and Cheminis deposits together. Tillkännagivande • Sep 24
Gatling Exploration Inc. Reports 388,000 Indicated Plus 933,000 Inferred Gold Ounces of In-Pit and Underground Resources at the Larder Gold Project, Ontario Gatling Exploration Inc. announced a new global mineral resource estimate (MRE) in accordance with NI 43-101 Standards of Disclosure for Mineral Projects of 388,000 ounces of gold in the Indicated category and additionally, 933,000 ounces of gold in the Inferred category from its 100% - owned Larder Gold Project, located on the Cadillac-Larder Lake break, in the Abitibi greenstone belt, Ontario. he global estimate includes open pit and underground mineral resource estimates in the ndicated and Inferred categories for the Fernland, Cheminis and Bear gold deposits. This mineral resource estimate incorporates the full drilling database available, including 237,000 m of historical drilling and 58,000 m of new drilling completed by Gatling between January 2019 and July 2021, on the three deposits. The NI 43-101 compliant Technical Report in support of the mineral resource estimate is currently being completed by SGS Geological Services Inc. Canada) and will be filed on SEDAR under the Company's profile within 45 days. Global In-Pit and Underground Mineral Resource Estimates for the Fernland, Cheminis and Bear deposits of 388,000 oz Au Indicated, and 933,000 oz Au Inferred. Gatling's work has reinforced that this is one continuous gold mineralized system with three high-grade, rigorously built mineral resource estimates spanning in total a 4.5 km strike length on the southeastern side of the property. Mineralization has been traced from surface to 1,500 m depth with much of the system still untested below 800 metres. Gatling had completed more than 58,000 m of drilling across the three gold deposits up until the July 2021 cutoff date. The database now includes more than 295,000 m of total drilling, with an average discovery rate for the project to date of 4.5 oz Au per m drilled, which is on par with the leading explorers in the Abitibi region. Drilling has continued since July 2021 and remains ongoing. 88% of in-pit ounces are within the Indicated category, demonstrating well-constrained and continuous mineralization and supporting the beginnings of a starter pit(s) at above average gold grades. Significant room for resource growth via 1) follow-up drilling in the gaps between the Fernland/Cheminis pits aimed at further expansion beyond the existing pit limits, 2) drill testing Fernland at depth which has seen limited drilling sub 400 m yet intersected gold as deep as 900 m below surface, 3) drilling Cheminis beneath the existing shaft and underground workings, as well as in the modelled gaps in the north zone, and 4) at Bear, continue to extend the deposit both up plunge, along strike (to the east) as well as at depth, in both the north and south zones (ongoing). 
