American Pacific Mining Completes Acquisition of Constantine Metal Resources

American Pacific Mining Corp. (CSE: USGD) has completed its previously announced acquisition of Constantine Metal Resources Ltd. (TSXV: CEM) through a plan of arrangement. This transaction integrates Constantine's mineral assets and projects into American Pacific Mining's existing portfolio.

The acquisition is expected to consolidate mineral resources and strengthen American Pacific Mining's presence in the North American exploration sector. The combined entity anticipates potential synergies and enhanced efficiencies in project development.

Key projects under the consolidated company now include the Palmer copper-zinc joint venture in Alaska. Constantine had previously reported exploration results from other sites, such as the Madison copper-gold project.

Both companies confirmed that securityholders approved the arrangement, and all conditions were met, leading to the transaction's completion on November 1, 2022. Financial terms of the deal were previously disclosed in earlier announcements.