Gold Resource Corporation Acquires Aquila Resources Inc.

October 6, 2021

Gold Resource Corporation (GORO) has entered into a definitive arrangement to acquire all issued and outstanding common shares of Aquila Resources Inc. via a plan of arrangement, with GORO using a wholly-owned subsidiary to effect the all‑stock transaction. The deal provides Aquila shareholders exposure to the combined company's cashflow from GORO's Don David Gold Mine and accelerates financing and development of Aquila's Back Forty Project, creating a multi-jurisdictional precious and base metals producer.

Buyers
Gold Resource Corporation
Targets
Aquila Resources Inc.
Industry
Energy
Location
Ontario, Canada
Transaction Type
Buyout

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