Tuesday, November 3. News through 7:17 a.m. Toronto time.
Blue Moon proposes a sale for buyer shares
TSXV-listed Blue Moon Metals has agreed to sell Blue Moon Norway to London-listed ACG Metals for US$220 million in ACG shares, subject to customary adjustments. Closing adjustments are payable in cash. The Norwegian assets include construction-stage Nussir and exploration-stage NSG.
Closing is anticipated by November 30, subject to ACG shareholder, TSXV and other customary approvals. Blue Moon says it wants to refocus on its U.S. assets. Selling for buyer shares keeps the seller exposed to the buyer’s fortunes; it isn’t the same as banking the proceeds in cash.
AGA changes financial partners; management keeps a stake
Novacap and Fonds de solidarité FTQ acquired TA Associates’ interest in AGA Benefit Solutions. Management remains a significant shareholder. Novacap is returning after holding a stake from 2020 to 2024; TA became a financial partner in March 2024.
AGA develops and administers group insurance and retirement savings plans, with offices across Quebec, Ontario, Alberta and British Columbia. The change is in financial shareholders, with management retaining an economic stake. The release does not disclose the price or ownership percentages.
For information and education, not advice for a specific transaction or a prediction of value.
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