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  5. MND: Good Afternoon 5i Team, Alkane Resources (an Australian company) is in the process of taking over Mandalay Resources in an all-stock deal. [Mandalay Resources Corporation]

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Q: Good Afternoon 5i Team,

Alkane Resources (an Australian company) is in the process of taking over Mandalay Resources in an all-stock deal. If you were a shareholder of Mandalay, would you take the Alkane shares or would you sell the Mandalay shares before the deal closes? Also, Alkane has applied for a TSX listing. Is there a risk that their application will be rejected and that Canadian investors will be unable to sell their Alkane shares.

Thanks for your expert opinion.
Asked by Michel L on July 08, 2025
5i Research Answer:
No listing is guaranteed, but we would not expect any problems here. It is not the first...
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