On March 10, 2021, K2 Principal Fund L.P. announced that it has reached an agreement with GT Gold Corp. to withdraw its shareholder meeting request as a result of the acquisition of the Company announced earlier on March 10, 2021, by a wholly-owned subsidiary of Newmont Corporation for an all cash purchase price of C$3.25 per common share. In addition, K2 Principal stated that it has agreed to withdraw the requisition, and have also agreed to customary standstill provisions extending through to the earlier of (a) the termination of the Arrangement Agreement or (b) any amendment of the Arrangement Agreement that is materially adverse to K2.