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BRIEF-Fortuna to acquire Goldrock Mines Corp

Published 2016-06-07, 06:10 p/m
© Reuters.  BRIEF-Fortuna to acquire Goldrock Mines Corp
FVI
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June 7 (Reuters) - Fortuna Silver Mines Inc FVI.TO
* Fortuna to acquire Goldrock Mines Corp
* Each common share of Goldrock will be exchanged for 0.1331
of a Fortuna common share
* Exchange ratio implies a total equity value for
arrangement of approximately c$129 million on a fully-diluted
in--money basis
* Agreement provides for payment by goldrock of c$7.0
million termination fee if agreement is terminated
* Deal to be accretive to Fortuna on all key metrics
including net asset value, reserves, resources and adjusted
cashflow basis
* Consideration to be received by Goldrock shareholders
pursuant to arrangement represents equivalent of c$1.08/Goldrock
share

Source text for Eikon: ID:nMKWMZXqla
Further company coverage: FVI.TO

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