Brief: QuestEx Announces Acquisition By Skeena Resources

Skeena Resources

30/03/2022 12:41

March 30 (Reuters) - QuestEx Gold & Copper Ltd  QEX.V :
    * QUESTEX ANNOUNCES ACQUISITION BY SKEENA RESOURCES
    * QUESTEX GOLD & COPPER - EACH OF COMMON SHARES OF CO THAT
SKEENA
DOES NOT OWN WILL BE EXCHANGED FOR C$0.65 CASH PLUS 0.0367 OF A
SKEENA  COMMON SHARE
    * QUESTEX GOLD & COPPER LTD -  IMPLIED EQUITY VALUE OF THE
TRANSACTION ON A 100% AND FULLY-DILUTED BASIS IS EQUAL TO
APPROXIMATELY C$56.5 MILLION.
    * QUESTEX GOLD & COPPER LTD -  QUESTEX SHAREHOLDERS OTHER
THAN
SKEENA AND NEWMONT WILL OWN APPROXIMATELY 1.5% OF SKEENA COMMON
SHARES ON A PRO FORMA BASIS.
    * QUESTEX GOLD & COPPER - TRANSACTION HAS SHAREHOLDER
SUPPORT,
WITH MANAGEMENT AND DIRECTORS OF QUESTEX, NEWMONT ENTERING INTO
VOTING SUPPORT AGREEMENTS
    * QUESTEX GOLD & COPPER - NEWMONT ENTERED ASSET PURCHASE
AGREEMENT
WITH SKEENA TO ACQUIRE HEART PEAKS, CASTLE/MOAT & NORTH
ROK/COYOTE PROPERTIES FOR ABOUT C$27.0 MILLION

Source text for Eikon:  ID:nCNWpJWwFa 
Further company coverage:  QEX.V 

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