📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF-Alio Gold And Rye Patch Gold Announce Business Combination

Published 2018-03-19, 07:13 a/m
© Reuters.  BRIEF-Alio Gold And Rye Patch Gold Announce Business Combination
ALO
-

March 19 (Reuters) - Alio Gold Inc ALO.TO :

* ALIO GOLD AND RYE PATCH GOLD ANNOUNCE BUSINESS COMBINATION

* ALIO GOLD - ENTERED INTO AGREEMENT WHEREBY CO WILL ACQUIRE, THROUGH A PLAN OF ARRANGEMENT ALL OF OUTSTANDING SHARES OF RYE PATCH

* ALIO GOLD INC - EACH COMMON SHARE OF RYE PATCH WILL BE EXCHANGED FOR 0.48 COMMON SHARES OF ALIO GOLD

* ALIO GOLD - DEAL OFFER IMPLIES VALUE OF C$1.57 PER RYE PATCH SHARE

* ALIO GOLD INC - OFFER VALUES RYE PATCH'S OUTSTANDING EQUITY AT ABOUT C$128 MILLION

* ALIO GOLD- EXISTING ALIO GOLD & RYE PATCH SHAREHOLDERS WILL OWN ABOUT 53% AND 47% OF COMBINED CO, RESPECTIVELY, FOLLOWING CLOSE OF DEAL

* ALIO GOLD INC - IN EVENT THAT TRANSACTION IS NOT COMPLETED, TERMINATION FEE OF C$4.0 MILLION IS PAYABLE TO EITHER ALIO GOLD OR RYE PATCH

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.