Vancouver-based Comstock Metals Ltd. (TSX-V: CSL, OTC: CMMMF) is a publicly traded company currently listed on the TSX Venture exchange.
On March 31, 2022 Comstock Metals Ltd. closed the sale of its Preview SW resource-stage gold project in the La Ronge gold district of Saskatchewan to MAS Gold Corp. (TSX-V: MAS, OTC: MSGCF) in consideration of 30,000,000 common shares of MAS Gold1,2,3. After payment of advisory fees and a bonus, the net number of MAS shares received by Comstock was 27,775,000 common shares in MAS Gold. Comstock’s CEO Steven Goldman was appointed to MAS Gold’s board of directors as part of the transaction.
The MAS Gold shares received by Comstock for the sale of the Preview SW project are subject to a 4-month hold period.
Comstock Metals Ltd. is now focused on identifying new opportunities.