Gran Colombia and Gold X Execute Arrangement Agreement for the Creation of a Mid-Tier Latin American-Focused Gold Producer
Capital markets re-rating opportunity Benefits to Gold X Shareholders Significant premium (44% based on Gold X's 20-day VWAP as of March 12, 2021 on the TSXV) Increased balance sheet strength, access to capital and free cash flow to fund development Continued exposure to upside at the Toroparu Gold Project Diversified ownership in Gran Colombia's world-class Segovia Gold Mine Access to Gran Colombia's in-house development and operational capabilities Gran Colombia's monthly dividend Significant improvement in trading liquidity and greater capital markets exposure Transaction Conditions & Timi...
Source: benzinga.com