Gold Resource Corporation to Acquire Aquila Resources in All-Stock Deal

October 6, 2021

Gold Resource Corporation (GORO) entered into a definitive arrangement agreement to acquire all issued and outstanding shares of Aquila Resources (Aquila) via a plan of arrangement under Ontario’s Business Corporations Act. The all-stock consideration is 0.0399 of a GORO share per Aquila share (about a 29% premium), with the transaction expected to close in late November 2021 subject to shareholder, court, and regulatory approvals.

Buyers
Gold Resource Corporation (GORO)
Targets
Aquila Resources Inc.
Industry
Energy
Location
Michigan, United States
Transaction Type
Buyout

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