Acquiring Company
C2C Gold
Acquired Company
Rock Gold
VancouverMiningDescription
C2C Gold Corp. (CSE: CTOC; OTCQB: CTCGF) (the “Company” or “C2C”) today announced that further to its news release dated June 10, 2022, it has acquired all of the issued and outstanding shares of The Rock Gold Corp. (“Rock Gold”) in consideration for a total of 12,250,000 common shares of the Company. The Rock Gold is a Newfoundland-based gold exploration company that holds rights to over 40 mineral claims with projects lying along most of the major gold bearing trends. The property package also includes 5 properties, 2 of which are drill ready, under option from Newfoundland & Labrador based prospectors.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed