Fortuna launches C$129m bid for Goldrock Mines

June 8, 2016

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The TSX-V-listed stock of Goldrock Mines on Wednesday spiked 60% after NYSE- and TSX-listed Fortuna Silver Mines late on Tuesday announced that it has signed a C$129-million definitive agreement to buy Goldrock through a plan of arrangement, that could boost the company’s precious-metals equivalent reserve base by 200%.
Under the terms of the deal, each common share of Goldrock will be exchanged for 0.1331 of a Fortuna common share, or about of C$1.08 a Goldrock share.

Category: General