True North Gems Inc. (TGX.V) announced that its board has initiated a strategic review process to consider strategic alternatives that have presented themselves to the Company, with a view to enhancing shareholder value.
The company said that the strategic alternatives may include, but are not limited to, the sale of all or a portion of the Company's assets, the outright sale of the Company, a merger or other business combination transaction involving a third party, a joint venture, a financing, as well as continued execution of the Company's existing business plan, or any combination thereof.
The company noted that a special committee, consisting of directors, independent of management, have been appointed to oversee the strategic review process. The Special Committee plan to engage a financial markets advisor to assist in this regard.
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