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XYZFF / Steppe Gold Ltd. to acquire Anacortes Mining to create a strong, diversified precious metals producer

Steppe Gold Ltd. to acquire Anacortes Mining to create a strong, diversified precious metals producer
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) said it has entered into a binding letter of intent with Anacortes Mining Corp, following which Steppe will, directly or through a subsidiary, acquire all the shares of Anacortes by way of a court-approved plan of arrangement, in an all-share transaction. Under the terms of the binding agreement, Anacortes shareholders will receive 0.4532 of a Steppe common share for each Anacortes common share, which represents C$0.48 per share, and a premium of 36% based on the closing prices of Anacortes shares on the TSX Venture Exchange, and Steppe shares on the close of trading on March 3, 2023. Read More
Posted: Mar 6 2023, 09:22
Author Name: Proactive Investors
Views: 102613

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Steppe Gold to acquire Anacortes Mining in an all-share transaction

By Kitco
March 6, 2023

Steppe Gold to acquire Anacortes Mining in an all-share transaction

(Kitco News) - Steppe Gold (TSX: STGO) announced today it has entered into a binding letter of intent with Anacortes Mining (TSXV: XYZ) pursuant to wh more_horizontal

Steppe Gold Ltd. to acquire Anacortes Mining to create a strong, diversified precious metals producer

By Proactive Investors
March 6, 2023

Steppe Gold Ltd. to acquire Anacortes Mining to create a strong, diversified precious metals producer

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) said it has entered into a binding letter of intent with Anacortes Mining Corp, following which Steppe will, more_horizontal

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By Proactive Investors
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Anacortes Mining confirms talks with interested party to boost shareholder value

Anacortes Mining Corp has provided an update on its recent efforts to build shareholder value through an on-going strategic review process. The junior more_horizontal


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