On October 31, 2017, Cabral Gold Inc. (formerly San Angelo Oil Limited) (the “Company”) (TSXV: CBR) announced that it had completed the previously announced business combination with Cabral Gold Ltd. (“Cabral”) and 1116669 B.C. Ltd. The Company changed its name from “San Angelo Oil Limited” to “Cabral Gold Inc.” and completed a share consolidation.
The transaction was carried out by way of a three-cornered amalgamation, whereby Cabral amalgamated with 1116669 B.C. Ltd., a wholly owned subsidiary of the Company. Concurrently with closing of the transaction, the Company completed a share consolidation.
The Company is a junior resource company and is engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company owns the Cuiú Cuiú gold project located in the Tapajos Region within the state of Para in northern Brazil.
Kevin Sorochan advised the Company in this transaction.