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Eldorado Gold Completes Acquisition of QMX Gold
April 07, 2021 18:49 ET | Source: QMX Gold Corporation QMX Gold Corporation Toronto, Ontario, CANADA
VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) Eldorado Gold Corporation (TSX: ELD; NYSE: EGO) (“Eldorado” or “the Company”) and QMX Gold Corporation (TSX-V: QMX) (“QMX”) are pleased to announce the successful acquisition by Eldorado of all of the outstanding common shares (the “QMX Shares”) in the capital of QMX not already owned by Eldorado, by way of a statutory plan of arrangement under the provisions of the
Business Corporations Act (Ontario) (the “Arrangement”). The Arrangement became effective at 12:01 a.m. (Eastern Time) on April 7, 2021 (the “Effective Time”) resulting in QMX becoming a wholly-owned subsidiary of Eldorado.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Eldorado Gold Signs Amended Investment Agreement with the Hellenic Republic
Eldorado Gold CorporationFebruary 5, 2021 GMT
VANCOUVER, British Columbia, Feb. 05, 2021 (GLOBE NEWSWIRE) Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce its wholly-owned subsidiary, Hellas Gold S.A. has entered into an amended Investment Agreement (the “Agreement”) with the Hellenic Republic to govern the further development, construction and operation of the Skouries, Olympias and Stratoni/Mavres Petres mines and facilities in northern Greece (collectively the “Kassandra Mines”). The Agreement amends the 2004 Transfer Agreement between Hellas Gold S.A. and the Hellenic Republic, and provides a modernised legal and financial framework to allow for the advancement of Eldorado’s investment in the Kassandra Mines.
Eldorado and QMX Announce Friendly Acquisition of QMX by Eldorado
January 21, 2021 07:30 ET | Source: QMX Gold Corporation QMX Gold Corporation Toronto, Ontario, CANADA
VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) ELDORADO GOLD CORPORATION (TSX: ELD; NYSE: EGO) (“Eldorado”) and QMX GOLD CORPORATION (TSX-V: QMX) (“QMX”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement”) pursuant to which Eldorado will acquire all of the outstanding shares of QMX (not already owned by Eldorado) for total consideration of approximately C$132 million on a 100% and fully diluted basis or C$0.30 per QMX share (the “Arrangement”). Eldorado currently owns 68,125,000 shares of QMX, or approximately 17% of QMX shares outstanding, which it purchased at C$0.06 per share in a private placement on December 30, 2019.
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