Pembridge Resources PLC (LSE:PERE) noted that the TSX Venture Exchange has conditionally accepted the reverse take-over by Minto Explorations Ltd of a vehicle called 1246778 BC Ltd.
The resulting combined entity will be listed on TSXV and named Minto Metals Corp (TSX-V:MNTO), with the common shares expected to begin trading under the symbol MNTO before the end of November once the remaining conditions are fulfilled.
Pembridge acquired Minto from Capstone Mining in June 2019 and restarted operations in October 2019.
Gati Al-Jebouri, chief executive and chairman of Pembridge said: "This conditional acceptance by TSXV clears an important hurdle in Minto's path to being a listed company and we appreciate the work that has been done by Minto and its advisors on the RTO and listing process."