North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

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

 

Last updated 6/19/2016 at Noon



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...



For access to this article please sign in or subscribe.






 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018