Brief: A-Mark to Increase Investment in Silver Gold Bull

Gold.com

29/04/2022 13:02

April 29 (Reuters) - A-Mark Precious Metals Inc  AMRK.O :
    * A-MARK TO INCREASE INVESTMENT IN SILVER GOLD BULL,
EXPANDING
INTERNATIONAL DIRECT-TO-CONSUMER FOOTPRINT
    * A-MARK PRECIOUS METALS INC - AGREEMENT TO ACQUIRE
ADDITIONAL 40%
OF OUTSTANDING EQUITY INTEREST IN SILVER GOLD BULL INC. FOR
ABOUT $44.0 MILLION
    * A-MARK PRECIOUS METALS INC - PROPOSED INVESTMENT WILL
BRING
A-MARK'S OWNERSHIP IN SGB TO 47.4%
    * A-MARK PRECIOUS METALS INC - CO, SGB WILL ENTER INTO A
FOUR-YEAR
EXTENSION TO CURRENT SUPPLIER AGREEMENT EXTENDING ITS EXPIRATION
TO DECEMBER 2026
    * A-MARK PRECIOUS METALS INC - WILL HAVE RIGHT TO PURCHASE
AN
ADDITIONAL 27.7% OF OUTSTANDING EQUITY OF SGB TO BRING ITS
OWNERSHIP INTEREST TO 75%

Source text for Eikon:  ID:nGNX2W9Vg 
Further company coverage:  AMRK.O 

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