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Gold Flora Corporation reports restructuring and integration measures after its merger with The Parent Company have resulted in cost savings of $30 million, surpassing its original goal of $25 million.
Under the all-stock merger agreement, The Parent Company shareholders will own approximately 49% and Gold Flora holders will own approximately 51% of the outstanding common equity of the combined company.
ExtractionTek Stainless, Powered by Pinnacle will operate out of Pinnacle’s 32,000-sq.-ft. manufacturing and fabrication facility in the northwest greater Denver area.