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BRIEF-Leagold Mining to acquire Los Filos from Goldcorp for $350 mln

Published 2017-01-12, 08:48 a/m
© Reuters.  BRIEF-Leagold Mining to acquire Los Filos from Goldcorp for $350 mln

Jan 12 (Reuters) - Leagold Mining Corp LMCh.V

* Leagold Mining Corp - Leagold to acquire Los Filos gold mine in Mexico

* Leagold Mining Corp - deal for US$350 million

* Leagold Mining to acquire Los Filos from Goldcorp as its first gold mine

* Leagold Mining Corp - Goldcorp to become an approximate 30% shareholder of leagold at completion

* Leagold Mining Corp - leagold will undertake debt and equity financings, arranged by ubs investment bank and BMO capital markets

* Leagold Mining Corp - US$279 million will be paid in cash and US$71 million in common shares of Leagold

* Leagold Mining Corp- purchase price is made up of US$279 million in cash and US$71 million in common shares of Leagold.

* Leagold Mining Corp - Goldcorp will have right to nominate a director to Leagold's board at completion of acquisition

* Leagold Mining Corp - has also agreed to distribute to Goldcorp vat receivable amount in dmsl that is outstanding as of acquisition completion date Source text for Eikon: ID:nCNWftzgKa Further company coverage: LMCh.V

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