Eldorado gold and qmx announce friendly acquisition of qmx by eldorado

Vancouver, british columbia, jan. 21, 2021 (globe newswire) -- eldorado gold corporation (tsx: eld; nyse: ego) (“eldorado”) and qmx gold corporation (tsx-v: qmx) (“qmx”) are pleased to announce that they have entered into a definitive arrangement agreement (the “agreement”) pursuant to which eldorado will acquire all of the outstanding shares of qmx (not already owned by eldorado) for total consideration of approximately c$132 million on a 100% and fully diluted basis or c$0.30 per qmx share (the “arrangement”).   eldorado currently owns 68,125,000 shares of qmx, or approximately 17% of qmx shares outstanding, which it purchased at c$0.06 per share in a private placement on december 30, 2019.
EGO Ratings Summary
EGO Quant Ranking