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Vancouver, British Columbia--(Newsfile Corp. - December 14, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is providing an update to investors on
Shares of Great Bear Resources Ltd. traded 24% higher after the company reported it entered into a definitive agreement to be acquired by Kinross Gold for CA$1.8 billion. Existing Great Bear shareholders will be given the option of receiving CA$29.00 per share in cash, shares in Kinross or a pro-rata combination of both, plus a contingent value right.
Moody's flags Dixie development capex, execution risk as credit negative for Kinross.
Significant premium of 40% to Great Bear's 20-day VWAP on the TSX-V for Great Bear shareholders Option to select cash or Kinross common shares as...
Kinross Gold Corporation to acquire all issued and outstanding shares of local peer Great Bear Resources for $1.4bn (C$1.8bn).