Three-way merger gets thumbs-down

A proposed merger between Great Lakes Minerals (GKM-T), Santa Cruz Gold (SCG-T) and Manhattan Minerals (MAN-T) has been sidelined by the results of due diligence investigations.

The companies agreed not to proceed with the merger, which was to result in a “pure Mexican” play holding gold mining operations and advanced exploration projects in the country.

Great Lakes had previously attempted to merge with Geomaque Explorations (GEO-T), another Mexican gold producer, but these plans were aborted after Geomaque decided not to proceed.

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