Monday, March 6, 2023
1:42 PM EST – Steppe Gold Ltd : Announces they have entered into a binding letter of intent pursuant to which Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Anacortes by way of a court approved plan of arrangement under the Business Corporations Act, in an all-share transaction. Under the terms of the Binding Agreement, Anacortes shareholders will receive 0.4532 of a Steppe Gold common share for each Anacortes Common Share, which represents consideration of approximately C$0.48 per Anacortes Common Share and a premium of 36% based on the closing prices of the Anacortes Common Shares on the TSX-V and the Steppe Common Shares on the TSX, each as of the close of trading on March 3, 2023. Steppe Gold Ltd (T.STGO) shares were up $0.02 at 1.07.
Stocks in Play: Steppe Gold Ltd, Mon, 06 Mar 2023 01:57:07 EST