South Atlantic Gold Inc. Announces Termination of Amalgamation Agreement Amid Trading Halt
In a significant development for South Atlantic Gold Inc., the mining exploration company based in Kelowna, Canada, has announced the termination of its amalgamation agreement. This news, released on June 27, 2025, has led to a trading halt on the TSX Venture Exchange, where the company is listed under the symbol SAO.
The termination of the amalgamation agreement marks a pivotal moment for South Atlantic Gold Inc., which specializes in acquiring and advancing mineral properties across the American continent. The company’s decision to end the agreement has been confirmed by multiple sources, including The Newswire and CEO.ca, both reporting the news at 17:34 and 17:30 respectively.
Following the announcement, the Canadian Investment Regulatory Organization (CIRO) imposed a trading halt on South Atlantic Gold Inc. at 1:11 PM ET. This suspension, as reported by StockWatch and Finanzen.net, was implemented to ensure a fair and orderly market amidst the pending news. CIRO, the national self-regulatory organization overseeing investment dealers and trading activities in Canada, has the authority to temporarily suspend trading in securities of publicly-listed companies under such circumstances.
As of June 25, 2025, South Atlantic Gold Inc. had a close price of 0.03 CAD, with a 52-week high of 0.04 CAD on June 9, 2025, and a low of 0.01 CAD on December 11, 2024. The company’s market capitalization stands at 3,288,770 CAD.
The termination of the amalgamation agreement and the subsequent trading halt are likely to have significant implications for South Atlantic Gold Inc.’s strategic direction and market perception. Investors and stakeholders will be closely monitoring the company’s next steps as it navigates this critical juncture. For more detailed information, interested parties can visit South Atlantic Gold’s website at www.southatlanticgold.com .