Sign up USA
Proactive Investors - Run By Investors For Investors

Klondex Mines to pay in shares for Bison Gold acquisition

Bison has now obtained the final order from the Ontario Superior Court of Justice approving the acquisition, it said
Klondex Mines to pay in shares for Bison Gold acquisition
Klondex Mines is a gold producer

Gold producer Klondex Mines Ltd (TSE:KDX, NYSE:KLDX) further updated on its acquisition of Bison Gold Resources (CVE:BGE), saying it was to pay for the deal solely in Klondex shares.

Bison has now obtained the final order from the Ontario Superior Court of Justice approving the acquisition, while shareholders  last week approved the transaction, which will be carried out via a scheme of arrangement.

Klondex will issue 0.1242 of a share in exchange for each Bison share calculated on the basis of 59 cents divided by the volume-weighted average trading price of the Klondex shares for the five days to October 16 this year, being  C$4.7489.

Following the completion of the arrangement, Bison will be delisted from the TSX Venture Exchange.

View full KDX profile View Profile

Klondex Mines Ltd Timeline

Related Articles

1507550408_goldprice.jpg
October 09 2017
Favourable court decisions are obviously helpful, but Galantas remains focussed on the central business of developing a mine
1507640356_Copper-tubing.jpg
October 10 2017
Tethyan Resources is sitting on promising mineralisation in a prime location in Europe
Gold bars and dollar bills
April 21 2017
Processing extra material from South America could help to push Goldplat to the next level in terms of production

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use