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BRIEF-Golden Reign And Marlin Gold Enter Into Arrangement Agreement To Combine Businesses

Published 2018-08-07, 08:38 a/m
Updated 2018-08-07, 08:40 a/m
© Reuters.  BRIEF-Golden Reign And Marlin Gold Enter Into Arrangement Agreement To Combine Businesses

Aug 7 (Reuters) - Golden Reign Resources Ltd GRR.V :

* GOLDEN REIGN AND MARLIN GOLD ENTER INTO ARRANGEMENT AGREEMENT TO COMBINE BUSINESSES AND AMEND STREAM AGREEMENT WITH SAILFISH ROYALTY

* GOLDEN REIGN RESOURCES LTD - SAILFISH HAS AGREED TO RESTRUCTURE ITS EXISTING GOLD STREAM ON SAN ALBINO

* GOLDEN REIGN RESOURCES - TO BUY ALL OUTSTANDING MARLIN COMMON SHARES IN EXCHANGE FOR 0.5138 OF A GOLDEN REIGN COMMON SHARE PER MARLIN COMMON SHARE

* GOLDEN REIGN RESOURCES - MARLIN TO DISTRIBUTE 18.1 MILLION GOLDEN REIGN SHARES TO ITS SHAREHOLDERS ON BASIS OF 0.1022 GOLDEN REIGN SHARES PER MARLIN SHARE

* GOLDEN REIGN RESOURCES - UPON DEAL COMPLETION MARLIN SHAREHOLDERS TO OWN ABOUT 45% OF ISSUED AND OUTSTANDING COMMON SHARES OF COMBINED CO

* GOLDEN REIGN RESOURCES LTD - SENIOR MANAGEMENT OF COMBINED CO TO CONSIST OF KEVIN BULLOCK AS CEO, SCOTT KELLY AS INTERIM CFO

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