CALGARY — Shares in some Canadian silver mining companies posted double-digit increases on Monday as the price of the shiny white metal surged to eight-year highs with some crediting promotional . . .
On a big exploration drive
Over 3.5 million ounces of gold across its development platform
Fury Gold Mines Ltd (TSE:FURY) (NYSEAMERICAN:FURY) is a newly established explorer focused on three prolific mining regions in Canada, which aims to advance its multi-million-ounce gold platform.
It came into being following the completion of the deal which saw junior Auryn Resources Inc (TSE:AUG) reorganize, spin out its Peruvian assets (NYSEAMERICAN:AUG) and acquire Eastmain Resources Inc (TSS:ER).
Shares in Fury Gold began trading on the NYSE American on October 12 last year and on the Toronto Stock Exchange on October 13 - following the Canadian Thanksgiving holiday.
The increased offer was unanimously approved by Dorel s board, with members of the Schwartz family recusing themselves.
The new offer is more than halfway between the fair market value of $14 to $17 per share set out in a formal evaluation by TD Securities Inc. as of Nov. 12.
The termination fees also have been increased. Dorel must now pay $15.6 million if Cerberus chooses not to exercise its right to match a superior proposal, up from a break fee of $14.1 million. The break fee the buyer must pay if it does not close the deal has been raised to $26 million, up from $23.6 million.
Dorel Industries shares rise after Cerberus raises takeover offer to $16 per share princegeorgecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from princegeorgecitizen.com Daily Mail and Mail on Sunday newspapers.
Sudden price surge linked to social media posts helps boost Canadian mining stocks princegeorgecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from princegeorgecitizen.com Daily Mail and Mail on Sunday newspapers.