Brief: Rio2 Limited To Buy Atacama Pacific Gold Corp

Rio2

14/05/2018 12:37

May 14 (Reuters) - Rio2 Ltd  RIO.V :
    * RIO2 LIMITED AND ATACAMA PACIFIC GOLD CORPORATION 
ANNOUNCE
BUSINESS COMBINATION
    * COMBINED COMPANY WILL CONTINUE TO OPERATE UNDER NAME RIO2
LIMITED AND WILL BE MANAGED BY RIO2'S EXISTING EXECUTIVE TEAM
    * RIO2-EACH ATACAMA PACIFIC SHAREHOLDER WILL GET 0.6601
SHARES OF
COMBINED COMPANY , WHILE EACH RIO2 SHAREHOLDER WILL GET 0.6667
SHARES OF COMBINED CO
    * ABOUT 42.5% OF COMBINED ENTITY WILL BE HELD BY FORMER RIO2
SHAREHOLDERS AND 57.5% HELD BY FORMER ATACAMA PACIFIC
SHAREHOLDERS
    * EXCHANGE RATIO REPRESENTS CONSIDERATION TO ATACAMA PACIFIC
SHAREHOLDERS OF C$0.95 PER ATACAMA PACIFIC COMMON SHARE

Source text for Eikon:  ID:nGNX58Y6lp 
Further company coverage:  RIO.V 

 (Reuters.Briefs@thomsonreuters.com)