02:51 PM EST, 12/31/2024 (MT Newswires) -- Elevation Gold Mining (ELVT.V) on Tuesday announced that it has completed the purchase and sale agreement of certain assets, including the outstanding common shares of Golden Vertex Corp. (GVC), which holds the Moss Mine located in Arizona.

The transaction is expected to close today.

In connection with closing of the transaction, all of the company's directors and officers have resigned from their positions, effective immediately.

The net proceeds of the transaction will be applied in accordance with the Canadian Approval Order, following which the company will have no operating business or material assets.