De deals in de goudsector lijken plots in een stroomversnelling te komen! New Gold neemt Geo Minerals over tegen een premie van 33% op de huidige marktprijs! Er begint duidelijk iets te bewegen in de goudmarkt. Zorg ervoor dat u uw graantje van het overnamegeweld meepikt! Via MarketWatch:
Under the plan of arrangement, Geo shareholders will receive $0.16 per share, and 1/15th of a common share in a new exploration company (“SpinCo”) for each Geo common share held. Excluding the SpinCo consideration, the cash consideration offered represents a premium of approximately 33% based on the closing price of the Geo shares on October 14, 2011. New Gold will also subscribe for 9.9% of the outstanding SpinCo common shares for consideration of $250,000. On completion of the transaction, current Geo shareholders will hold approximately 90.1% of the outstanding SpinCo shares, and SpinCo will own all of Geo’s assets and liabilities, except for cash retained by Geo and Geo’s West Blackwater mineral interests, located in central British Columbia. The board of directors of Geo unanimously approved the transaction and all directors and senior officers of Geo, as well as certain other Geo shareholders, collectively holding approximately 29% of the number of Geo securities anticipated to be entitled to vote at a meeting of the Geo securityholders (including holders of Geo shares, stock options, and share purchase warrants), have agreed to vote their securities in favour of the transaction. “The proposed transaction is an exciting opportunity for Geo and its securityholders,” said Michael England, Geo’s President and Chief Executive Officer. “This transaction provides Geo shareholders with both an immediate meaningful premium reflecting the progress we have made with the Company and, participation in an exploration SpinCo with a portfolio of prospective assets located in British Columbia, Quebec and Arizona. We believe this unbundling of the West Blackwater project and Geo’s other exploration assets will ultimately create the greatest value for our securityholders.”
