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Highlights
- Gold Digger Resources completes acquisition of Premium Uranium Corporation, including the UA92 Project in Botswana.
- Gold Digger issues 13.3 million common shares as part of the acquisition of PURC.
- New board appointment made with Arnold Brand joining Gold Digger’s team post-acquisition.
Gold Digger Resources Inc. (CSE:GDIG) is excited to announce the completion of its acquisition of all outstanding shares of Premium Uranium Corporation ("PURC"). This acquisition, which was previously disclosed on March 6, 2024, June 13, 2024, July 23, 2024, September 30, 2024, October 31, 2024, and December 20, 2024, positions Gold Digger as a significant player in the uranium sector. As a result of the acquisition, both PURC and UA92 Pty Ltd. ("UA92") became wholly-owned subsidiaries of the Company.
Key Details of the Acquisition
The acquisition was finalized under a share purchase agreement (SPA) dated March 6, 2024, as amended. In exchange for acquiring all of PURC’s outstanding shares, Gold Digger issued a total of 13,300,000 common shares (the "Consideration Shares") to PURC’s shareholders, with each share priced at a deemed value of $0.40. These shares are subject to resale restrictions, with one-sixth of the Consideration Shares being released from the lock-up every six months over a 36-month period. Additionally, Gold Digger indirectly acquired UA92's 100% interest in its mineral properties located in the Republic of Botswana, known as the "UA92 Project."
Management and Governance Changes
As part of the transaction, Gold Digger appointed Arnold Brand, a nominee of PURC, to the board of directors. Arnold’s expertise and experience are expected to add significant value to the Company’s growth and exploration strategy. The management team of Gold Digger remains unchanged following the acquisition. Additionally, the Vendors (former shareholders of PURC) entered into voting support agreements, committing to approve the appointment of directors nominated by Gold Digger’s management at any shareholders' meeting within 12 months of the closing.
Next Steps and Reporting
In accordance with regulatory requirements, Gold Digger will file a Business Acquisition Report (BAR) within 75 days following the closing of the acquisition. The BAR will include detailed information regarding the acquisition, including audited financial statements for PURC. Furthermore, as part of the closing, Gold Digger filed a National Instrument 43-101 (NI 43-101) technical report on the UA92 Project, titled "Technical Report on the UA92 Prospecting Licenses, Central District, Botswana," with an effective date of December 21, 2024. The technical report is now available for public access on SEDAR+ under the Company’s profile at www.sedarplus.ca.
About Gold Digger Resources Inc.
Gold Digger Resources Inc. (CSE: GDIG) is a resource exploration company focused on acquiring and developing high-potential uranium and precious metals projects. With the acquisition of Premium Uranium Corporation and the UA92 Project, Gold Digger aims to expand its footprint in the uranium sector and leverage its technical expertise to advance its exploration projects in Botswana. The Company is committed to creating value for its shareholders through strategic acquisitions and ongoing exploration success.
By acquiring the UA92 Project, Gold Digger strengthens its portfolio and enhances its position in the uranium market, which continues to see growing demand for energy and strategic resources.
