Equinox Gold said it will acquire all the issued and outstanding common shares of Calibre Mining as part of a court-approved plan of arrangement. The merger will create the second largest gold producer in Canada. The combined company will continue under the name “Equinox Gold Corp.” Its implied market capitalization is estimated at C$7.7 billion. “This merger represents a transformative…
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Calibre Mining completes Fiore, Pan Gold mine acquisition
Canadian-based Calibre Mining has confirmed the completion of its takeover of Fiore Gold and the operating Pan gold mine in Nevada. Under the transaction arrangement, former Fiore shareholders received 0.994 of a Calibre common share and a cash payment of C$0.10 in exchange for each share held. In aggregate, Calibre issued 101,321,923 Calibre shares and made a cash payment of…
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