Brief: Anaconda Formally Commences Takeover Bid For Maritime Resources Corp.

Signal Gold

13/04/2018 12:16

April 13 (Reuters) - Anaconda Mining Inc  ANX.TO :
    * ANACONDA FORMALLY COMMENCES TAKEOVER BID FOR MARITIME
RESOURCES
CORP. AT 64% PREMIUM TO CREATE EMERGING CANADIAN GOLD PRODUCER
WITH SIGNIFICANT GROWTH PROFILE
    * ANACONDA FORMALLY COMMENCES TAKEOVER BID FOR MARITIME
RESOURCES
CORP. AT 64% PREMIUM TO CREATE EMERGING CANADIAN GOLD PRODUCER
WITH SIGNIFICANT GROWTH PROFILE
    * MADE FORMAL OFFER TO ACQUIRE MARITIME SHARES WITH
ASSOCIATED
RIGHTS ISSUED UNDER SHAREHOLDER RIGHTS PLAN OF MARITIME DATED
MARCH 15
    * TO ACQUIRE ALL OF MARITIME SHARES IN EXCHANGE FOR
CONSIDERATION
OF 0.390 OF A COMMON SHARE OF ANACONDA FOR EACH MARITIME SHARE
    * OFFER FOR MARITIME RESOURCES REPRESENTS $0.16 PER MARITIME
SHARE
    * ALL DOLLAR AMOUNTS MENTIONED ARE IN CANADIAN DOLLARS
    * MARITIME SHAREHOLDERS WILL OWN APPROXIMATELY 23.9% OF
ANACONDA
IF OFFER IS SUCCESSFUL
    * ENTERED INTO LOCK-UP AGREEMENTS WITH MARITIME SHAREHOLDERS
HOLDING 12.2 PCT OF MARITIME SHARES

Source text for Eikon:  ID:nCNW5PjmZa 
Further company coverage:  MAE.V 

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