Auryn agrees to buy Homestake, gain B.C. gold project

Auryn Resources Inc. June 13 said it has entered into a binding arrangement to acquire Homestake Resource Corp. in an all-share arrangement valued at C$8.9 million.

Under the arrangement, Homestake shareholders would receive one Auryn share for each 17 Homestake common shares held.

As of June 13, Auryn was trading at C$2.68 per share.

The acquisition price represents a 31 percent premium to the vo...