Dakota Gold Corp.

Dakota Gold Corp.'s exchange filed to remove a class of its securities from listing.

listing compliance notice

President and CEO Jonathan Awde resigned; Co-Chairman Dr. Robert Quartermain stepped in as interim CEO without cash compensation, Stephen O'Rourke became Managing Director, and Amy Koenig took over as independent Lead Director while the board searches for a permanent CEO. Awde's exit carries a separation package of up to $620,000.

material agreement

Dakota Gold brought in mine-finance specialist Orion (OMF Fund IV) as a strategic backer: Orion bought $17 million of stock (6.67 million shares at $2.55) and offered a non-binding proposal to provide up to $300 million toward construction financing, plus a right to match the terms of the company's future financings through 2033.

material agreement

the exchange certified Dakota Gold Corp.'s securities for listing, clearing them to begin trading.

listing compliance notice

The Dakota Territory/JR Resources merger closed March 31, 2022: Dakota Gold issued ~35.2 million shares to former Dakota Territory holders (about 70.85 million shares outstanding total) and installed a new board, chaired technically by mining financier Dr. Robert Quartermain (founder of Pretium Resources, former longtime CEO of Silver Standard/SSR Mining).

asset acquisition disposition

the exchange certified Dakota Gold Corp.'s securities for listing, clearing them to begin trading.

listing compliance notice

Dakota Territory Resource Corp. (OTCQB: DTRC) agreed to combine with JR Resources Corp., which will rename itself Dakota Gold Corp. and become the parent; Dakota holders get one Dakota Gold share per share held (~49% of the combined company), with the stock set to uplist onto NYSE American as "DGC".

business combination