Gold Candle acquires Fokus Mining

Goodmans LLP advised Gold Candle Ltd. in connection with acquiring all of the issued and outstanding common shares in the capital of Fokus Mining Corporation by way of a plan of arrangement in an all-cash transaction that implied an equity value for Fokus of C$63 million.  

The acquisition enabled Gold Candle to substantially enhance its asset base in the Abitibi region of the Province of Québec through the addition of Fokus' existing 1.4 million ounces of inferred gold mineral resources.

Gold Candle is a privately funded Canadian exploration company led by a diverse and experienced team of mining professionals.

Fokus is a mineral resource company focused on the acquisition and exploration of precious metal deposits in Québec's Abitibi region. Following completion of the Transaction, Fokus’ shares are expected to be delisted from the TSXV, OTCQB tier of the OTC Markets Group, and Frankfurt Stock Exchange.