Brief: Golden Reign And Marlin Gold Enter Into Arrangement Agreement To Combine Businesses

Mako Mining

07/08/2018 13:38

Aug 7 (Reuters) - Golden Reign Resources Ltd  GRR.V :
    * GOLDEN REIGN AND MARLIN GOLD ENTER INTO ARRANGEMENT
AGREEMENT TO
COMBINE BUSINESSES AND AMEND STREAM AGREEMENT WITH SAILFISH
ROYALTY
    * GOLDEN REIGN RESOURCES LTD - SAILFISH HAS AGREED TO
RESTRUCTURE
ITS EXISTING GOLD STREAM ON SAN ALBINO
    * GOLDEN REIGN RESOURCES - TO BUY ALL OUTSTANDING MARLIN
COMMON
SHARES IN EXCHANGE FOR 0.5138 OF A GOLDEN REIGN COMMON SHARE PER
MARLIN COMMON SHARE
    * GOLDEN REIGN RESOURCES - MARLIN TO DISTRIBUTE 18.1 MILLION
GOLDEN REIGN SHARES TO ITS SHAREHOLDERS ON BASIS OF 0.1022
GOLDEN REIGN SHARES PER MARLIN SHARE
    * GOLDEN REIGN RESOURCES - UPON DEAL COMPLETION MARLIN
SHAREHOLDERS TO OWN ABOUT 45% OF ISSUED AND OUTSTANDING COMMON
SHARES OF COMBINED CO
    * GOLDEN REIGN RESOURCES LTD - SENIOR MANAGEMENT OF COMBINED
CO TO
CONSIST OF KEVIN BULLOCK AS CEO,  SCOTT KELLY AS INTERIM CFO

Source text for Eikon:  ID:nCNWX6YXga 
Further company coverage:  GRR.V 

 (Reuters.Briefs@thomsonreuters.com)