Shutterstock photo(RTTNews.com) - Canadian low-cost gold producer Eldorado Gold Corp. (EGO, EGO.TO) announced Monday that it has entered into a definitive agreement to acquire facebook/" target="_blank">shares of Integra Gold Corp. (ICG.V) that it does not currently own. The total transaction value is approximately C$590 million, inclusive of Integra shares held by Eldorado. Under the deal, shareholders of Integra will be entitled to receive, at their option, for each Integra share they own either 0.24250 Eldorado shares, C$1.21250 in cash, in both and subject to pro ration, or 0.18188 of an Eldorado share and C$0.30313 in cash. Eldorado's offer represents a value of C$1.21250 for each Integra common share based on the May 12, 2017 closing price of Eldorado common shares on the Toronto Stock Exchange. Eldorado currently owns 13% stake in Integra.
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(Reuters) - Gold producer Eldorado Gold Corp has agreed to buy the remaining facebook/" target="_blank">shares of Integra Gold Corp, to expand its mining opportunities in the Eastern Abitibi region of Canada. Upon completion of deal, existing Eldorado and Integra shareholders would hold about 90 percent and 10 percent of the combined company, respectively. Integra shareholders have the option of receiving cash or shares in Eldorado or a mix of both. The maximum number of shares issuable by Eldorado under the arrangement will be about 77 million and the total deal value is about C$590 million, inclusive of Integra shares held by Eldorado. Vancouver-based Eldorado currently owns about 62.2 mln common shares in the capital of Integra, constituting 13 percent of the outstanding common shares of Integra on an undiluted basis.
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Eldorado to acquire Integra Gold to expand operations in Canada
(Reuters) - Gold producer Eldorado Gold Corp has agreed to buy the remaining facebook/" target="_blank">shares of Integra Gold Corp, to expand its mining opportunities in the Eastern Abitibi region of Canada. Upon completion of deal, existing Eldorado and Integra shareholders would hold about 90 percent and 10 percent of the combined company, respectively. Integra shareholders have the option of receiving cash or shares in Eldorado or a mix of both. The maximum number of shares issuable by Eldorado under the arrangement will be about 77 million and the total deal value is about C$590 million, inclusive of Integra shares held by Eldorado. Vancouver-based Eldorado currently owns about 62.2 mln common shares in the capital of Integra, constituting 13 percent of the outstanding common shares of Integra on an undiluted basis.
read more visit us gold
collected by :Jack Luxor
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