Aya Gold & Silver Signs Binding Agreement to Acquire Algold Resources Toronto Stock Exchange:AYA
(MENAFN - GlobeNewsWire - Nasdaq) Mont-Royal, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Montreal, Quebec, February 19, 2021 - Aya Gold & Silver Inc. (TSX: AYA) ('Aya' or the 'Corporation') is pleased to announce that, in the context of the Proposal made by Algold Resources Ltd. ('Algold'), it has entered into a binding term sheet (the 'Investment Agreement') with Algold pursuant to which Aya would fund Algold's Proposal to its creditors ('the Proposal') and at closing, would become the sole shareholder of Algold (the 'Transaction'). Under the terms of the Investment Agreement, Aya will provid...
Source: menafn.com