Hochschild Mining to Acquire Amarillo Gold Corporation

November 29, 2021

Hochschild Mining PLC has agreed to acquire all outstanding shares of Amarillo Gold Corporation in a court-approved plan of arrangement. Amarillo shareholders will receive C$0.40 cash per share plus one share of a newly formed Lavras SpinCo (capitalized with C$10 million) that will hold Amarillo's Lavras do Sul project; the total transaction value is approximately C$164.5 million (excluding Lavras SpinCo assets).

Buyers
Hochschild Mining PLC
Targets
Amarillo Gold Corporation
Sellers
Amarillo Gold Corporation shareholders, Directors and officers of Amarillo (supporting shareholders), 2176423 Ontario Ltd. (Eric Sprott), Baccarat Trade Investments Limited
Industry
Energy
Location
Ontario, Canada
Transaction Type
Buyout

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