Fortuna Silver Mines Acquires Roxgold Inc.

July 2, 2021

Fortuna Silver Mines completed a court-approved arrangement to acquire all issued and outstanding shares of Roxgold Inc., with Roxgold becoming a wholly-owned subsidiary of Fortuna. The transaction issued 0.283 Fortuna shares and C$0.001 in cash per Roxgold share and creates a larger, growth-oriented intermediate gold and silver producer with expanded presence in the Americas and West Africa.

Buyers
Fortuna Silver Mines Inc.
Targets
Roxgold Inc.
Sellers
Roxgold shareholders
Location
Ontario, Canada
Transaction Type
Buyout

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