Aura Agrees To Acquire Big River Gold; Form JV With Dundee Resources
Aura Agrees To Acquire Big River Gold; Form JV With Dundee Resources
AURA同意收購Big River Gold；與Dundee Resources成立合資企業
- Aura Minerals In (TSX:ORA) (OTC:ARMZF) agreed to acquire 100% of Big River and form an 80%/20% joint venture with Dundee Resources.
- Big River Shareholders (other than Dundee Resources) will receive A$0.36 in cash consideration for each Big River Share held, which values Big River at a purchase price of ~A$91.7 million.
- The acquisition represents an attractive opportunity for Aura to expand its pipeline of development stage projects by acquiring Big River's Borborema Gold Project in Brazil.
- Dundee Resources, a 19.3% Big River shareholder, executed a deed with Aura, under which Dundee Resources will ultimately hold a 20.0% indirect interest in Big River.
- In limited circumstances, Dundee Resources may elect to receive the cash in place of the share consideration, with Aura then acquiring 100% of Big River for 100% cash consideration.
- Price Action: ORA shares are trading lower by 2.89% at C$11.75 on TSX on the last check Tuesday.
- Aura Minerals in(多倫多證券交易所股票代碼：ORA)(場外交易代碼：ARMZF)同意收購Big River 100%的股份，並與鄧迪資源.
- Big River股東(Dundee Resources除外)持有的每股Big River股票將獲得0.36澳元的現金對價，這對Big River的收購價約為9170萬澳元。
- 此次收購對Aura來説是一個有吸引力的機會，通過收購Big River在巴西的Borborema Gold Project來擴大其開發階段項目的管道。
- Dundee Resources是Big River 19.3%的股東，它與Aura簽署了一項契約，根據該契約，Dundee Resources最終將持有Big River 20.0%的間接權益。
- 在有限的情況下，Dundee Resources可以選擇接受現金來代替股票對價，然後Aura以100%的現金對價收購Big River的100%股份。
- 價格行動：ORA股價週二在多倫多證交所下跌2.89%，至11.75加元。