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Provider: Reuters Investment Profile
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Provider: Streetwise Reports
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Provider: Streetwise Reports
$12.00
Provider: Streetwise Reports
$58.00

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Gold Royalties Corp Intends to Acquire Benton Capital Corp


Thursday, 21 Mar 2013 01:55pm EDT 

Gold Royalties Corp announced that it intends to make an offer to acquire 100% of the outstanding shares of Benton Capital Corp (BTC) for all-share consideration on the basis of 0.133 shares of Gold Royalties (the Exchange Amount) per outstanding BTC share (the Proposed Transaction). The Exchange Amount equates to a market-equivalent of $0.10 per issued BTC share in GRO equity, a 100% premium to the closing price of BTC as at March 20, 2013. The offer will be made by way of a formal offer and takeover bid circular to be mailed to shareholders of BTC and will be subject to various conditions, including receipt of all required regulatory approvals, termination or waiver of BTC's shareholder rights plan and not less than 66 2/3% of the BTC shares being deposited under the offer and not withdrawn. Further details concerning the offer will be included in the formal offer and takeover bid circular. 

Company Quote

0.305
-0.06 -16.44%
23 Jul 2014