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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Streetwise Reports
Provider: Jennings Capital Inc.

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Roxgold Inc to acquire XDM Royalty Corp

Wednesday, 11 Dec 2013 07:30am EST 

Roxgold Inc:Enters into a definitive agreement with XDM Royalty Corp providing for the acquisition of all of the outstanding securities of XDM by Roxgold.XDM shareholders will receive about 0.175 Roxgold common shares for every one common share of XDM which represents a deemed issue price of about $0.55 per Roxgold share.Roxgold expects to receive net proceeds totaling about $7.5 million after transaction and severance costs.Based upon the current Exchange Ratio, the company anticipates issuing about 14 million common shares as consideration for the Acquisition, and reserving about an additional 1,850,000 common shares for issuance upon exercise of the existing convertible securities of XDM. 

Company Quote

0.01 +1.15%
31 Jul 2014