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Yamana Gold Inc Announces Completion Of Qualifying Transaction Of Trident Gold Corp


Monday, 18 Feb 2013 02:00am EST 

Yamana Gold Inc announced that the completion of the qualifying transaction (Qualifying Transaction) of Trident Gold Corp. (Trident), formerly Andor Mining Inc. (Andor), the Company holds ownership and control over 3,822,814 common shares (Shares) and 2,915,503 warrants (Warrants) of Trident, representing approximately 11.38% of the issued and outstanding Shares of Trident and 18.46% after giving effect to the exercise of the Warrants. Yamana acquired the securities pursuant to the transaction exemption in section 2.11 of National Instrument 45-106 Prospectus and Registration Exemptions. The deemed price per Share and Warrant was $0.06. Pursuant to the Qualifying Transaction, Andor acquired all of the issued and outstanding shares of Trident (the Trident Shares), with the former Trident shareholders (including Yamana) receiving one common share of Andor for each 10.75 Trident Shares held. Yamana has no current intention to acquire ownership or control over additional securities of Trident. It is the intention of Yamana to evaluate its investment in Trident on a continuing basis and such holdings may be decreased or increased in the future. 

Company Quote

9.16
0.18 +2.00%
26 Aug 2014