Brief: Ascot Resources To Acquire IDM Mining

Cambria Gold Mines

07/01/2019 15:02

Jan 7 (Reuters) - IDM Mining Ltd  IDM.V :
    * ASCOT RESOURCES TO ACQUIRE IDM MINING TO CREATE A LEADING GOLD DEVELOPMENT
AND
EXPLORATION COMPANY
    * IDM MINING LTD - EACH IDM SHAREHOLDER WILL BE ENTITLED TO RECEIVE 0.0675
OF A
COMMON SHARE OF ASCOT FOR EACH SHARE OF IDM HELD
    * IDM MINING - UPON COMPLETION OF TRANSACTION, IT IS EXPECTED THAT IDM
SHAREHOLDERS WILL HOLD APPROXIMATELY 16.7% OF ASCOT SHARES ON AN OUTSTANDING
BASIS.
    * IDM MINING LTD - CONSIDERATION VALUES IDM AT APPROXIMATELY C$0.086 PER
SHARE

Source text for Eikon:  ID:nCNWgdNxza 
Further company coverage:  IDM.V 

 ((Reuters.Briefs@thomsonreuters.com;))