AcquisitionsJul 10, 2026, 04:22 PM
Nu-Med Plus Acquires Avid Gold, Plans Canadian Gold Property Acquisition
AI Summary
Nu-Med Plus, Inc. announced the acquisition of Avid Gold Ltd. and its subsidiary Maritimes Gold Corp., expanding its operations into gold exploration and development in Canada. Concurrently, the company entered an agreement to acquire six gold properties spanning over 30,900 acres from MegumaGold Corp. As part of the strategic shift, Nu-Med plans a 1-for-27 reverse stock split, an increase in authorized shares to 500 million, redomiciliation to Nevada, and a company name change. Fred Tejada has been appointed Sr. Vice President & Chief Geologist and joined the Board.
Key Highlights
- Acquired Avid Gold Ltd. and its subsidiary Maritimes Gold Corp.
- Agreed to acquire six Canadian gold properties from MegumaGold Corp.
- Properties span over 30,900 acres in Atlantic Canada.
- Planned 1-for-27 reverse stock split of common stock.
- Proposed increase in authorized common shares from 90M to 500M.
- Intends to redomicile from Utah to Nevada and change company name.
- Entered Registration Rights Agreement for resale of shares.
- Fred Tejada appointed Sr. VP & Chief Geologist and joined the Board.
Price Impact
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