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EQX - Equinox Gold News Story

$8.65 -0.1  -0.9%

Last Trade - 11/05/21

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.85bn
Enterprise Value £2.04bn
Revenue £667.3m
Position in Universe 1990th / 6853

BRIEF-Equinox Gold Announces Friendly Acquisition Of Premier Gold Mines

Wed 16th December, 2020 11:24am
Dec 16 (Reuters) - Equinox Gold Corp  EQX.TO :
    * EQUINOX GOLD ANNOUNCES FRIENDLY ACQUISITION OF PREMIER
GOLD
MINES
    * EQUINOX GOLD - PREMIER TO SPIN-OUT TO SHAREHOLDERS SHARES
OF
NEWLY CREATED US-FOCUSED GOLD PRODUCTION & DEVELOPMENT CO TO BE
CALLED I-80 GOLD CORP
    * EQUINOX GOLD - TO RETAIN PREMIER'S INTEREST IN HARDROCK
PROJECT
IN ONTARIO, MERCEDES MINE IN MEXICO, HASAGA & RAHILL-BONANZA
PROPERTIES IN ONTARIO
    * EQUINOX GOLD CORP - ON CLOSING OF DEAL, EXISTING EQUINOX
GOLD &
PREMIER SHAREHOLDERS WILL OWN ABOUT 84% AND 16% OF EQUINOX GOLD
RESPECTIVELY
    * EQUINOX GOLD CORP - ON CLOSING OF DEAL EQUINOX GOLD &
EXISTING
SHAREHOLDERS OF PREMIER WILL OWN 30% & 70% OF I-80 GOLD,
RESPECTIVELY
    * EQUINOX GOLD CORP - PREMIER SHAREHOLDERS WILL RECEIVE
0.1967 OF
AN EQUINOX GOLD SHARE FOR EACH PREMIER SHARE HELD
    * EQUINOX GOLD CORP - PURSUANT TO TRANSACTION, PREMIER
SHAREHOLDERS WILL RECEIVE 0.4 OF A SHARE OF I-80 GOLD FOR EACH
PREMIER SHARE HELD
    * EQUINOX GOLD CORP - I-80 GOLD WILL BE LED BY EWAN DOWNIE
    * EQUINOX GOLD - IN CONNECTION WITH PLANNED PUBLIC LISTING
PRIOR
TO/CONCURRENT WITH DEAL CLOSING, I-80 GOLD INTENDS TO CONDUCT
FINANCING OF UP TO $75 MILLION
    * EQUINOX GOLD CORP - EQUINOX GOLD HAS COMMITTED TO
SUBSCRIBE FOR
30% OF AGGREGATE AMOUNT OF FINANCING UP TO A MAXIMUM
SUBSCRIPTION AMOUNT OF $22.5 MILLION
    * EQUINOX GOLD CORP - AGREEMENT PROVIDES FOR A C$35 MILLION
TERMINATION FEE PAYABLE TO EQUINOX GOLD UNDER CERTAIN
CIRCUMSTANCES

Source text for Eikon:  ID:nCNW4mjBpa 
Further company coverage:  EQX.TO 

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