Gold X Shareholders Approve Merger With Gran Colombia Gold

Gold X Mining Corp. (TSXV: GLDX) last night announced that shareholders have approved the previously announced transaction with Gran Colombia Gold (TSX: GCM). The approval will see the Colombia-based gold explorer acquired for total consideration of approximately $315 million.

The agreement sees Gran Columbia acquiring all issued and outstanding common shares of Gold X not already owned by Gran Colombia. The transaction will see Gold X shares exchanged for Gran Colombia common shares on the basis of 0.6948 of a Gran Columbia share for each Gold X share held.

The transaction sees the de-listing of the company from the TSX Venture Exchange upon final approval by the British Columbia Supreme Court, with the arrangement expected to formally be completed on June 4, 2021.

Gold X Mining Corp last traded at C$3.55 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

Recommended

Steadright Begins Preliminary Economic Assessment On TitanBeach Project

Three Miners Trapped Underground At Newmont’s Red Chris Mine

Related News

Gran Colombia Gold Takes 36% Stake In Denarius Silver Corp

Gran Colombia Gold (TSX: GCM) this morning announced the diversification of its asset portfolio. The...

Monday, February 22, 2021, 08:05:05 AM

Gran Colombia Eyes Raising US$300 Million From 6.875% Senior Notes Offering

Gran Colombia Gold Corp. (TSX: GCM) last night announced that it has priced its offering...

Thursday, August 5, 2021, 02:09:00 PM

Guyana Goldfields Rejects Gran Colombia’s Superior Offer For Takeover

Guyana Goldfields (TSX: GUY) this evening announced that it has declined the offer by Gran...

Wednesday, May 13, 2020, 08:43:58 PM

Guyana Goldfields And Silvercorp Metals Amend Takeover Transaction Terms

It appears that the drama surrounding Guyana Goldfields (TSX: GUY) has played out in favour...

Sunday, May 17, 2020, 09:29:01 PM

Silvercorp Walks From Guyana Goldfields Acquisition

Guyana Goldfields (TSX: GUY) yesterday evening reported that Silvercorp Metals (TSX: SVM) has walked from...

Thursday, June 11, 2020, 09:19:54 AM