TNR Gold Receives Non-Binding Acquisition Proposal From Altius Minerals
MT newswire2026/10/07 12:2508:25 AM EDT, 10/07/2026 (MT Newswires) -- TNR Gold (TNR.V) said Wednesday it received an unsolicited, non-binding proposal from Altius Minerals (ALS.TO) to acquire all of the company's common shares not already owned by Altius. Altius is a significant shareholder of TNR and currently holds about 12.7% of the company's issued and outstanding common shares, it said. TNR Gold, after reviewing the proposal, entered into an exclusivity arrangement with Altius. The special committee, in consultation with its advisors, continues to evaluate the proposal, it added. Shares of TNR closed up 15% to CA$0.30 on Tuesday on the TSX Venture Exchange. Shares Altius Minerals closed down 0.3% to CA$65.99 on Tuesday on the Toronto Stock Exchange.
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