Marlin Gold Mining Ltd. said Dec. 22 that it completed the previously announced reorganization of its business, including the Sailfish Royalty Corp. unit spinoff.
Marlin shareholders as of the close of business Dec. 21 will receive 1 new common share of Marlin and 0.2 of a common share of Sailfish.
Sailfish is expected to start trading under the symbol FISH on the TSX Venture Exchange, effective Dec. 29.
The company's board will comprise Alessandro Palladino, Walter Reich, Michael Starogiannis and Cesar Gonzalez, while the executive team will consist of CEO Akiba Leisman and CFO Peter Van Zoost.
At the same time, Sailfish completed the acquisition of a 3.5% royalty on Eldorado Gold Corp.'s advanced-stage Tocantinzinho gold-silver project in Brazil.
Marlin and Sailfish now operate as two separate companies, with Sailfish operating as a yield-focused royalty company and Marlin operating as a growth-oriented gold and silver mining firm focused on the Americas.
