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Equinox Gold On April 23 Said It Will Acquire Orion Mine Finance Management's 40% Interest In Greenstone Gold Mine GP; Equinox Gold To Pay $995M

Author: Benzinga Newsdesk | April 24, 2024 07:55am

Under the terms of the SPA, Equinox Gold will pay $995 million to acquire Orion's 40% interest in Greenstone, payable as follows:

  • 42.0 million common shares of Equinox Gold valued at $250 million;
  • $705 million in cash payable on closing; and
  • $40 million in cash payable by December 31, 2024.

     

Equinox Gold will fund the cash consideration with net proceeds from both a new $500 million three-year term loan and a bought deal equity financing of common shares of Equinox Gold for approximately $260 million.

Posted In: EQX


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