Bullboard - Stock Discussion Forum Dalradian Resources, Inc. DRLDF

Metals & Mining Gold

"Dalradian Resources Inc is a gold development and exploration company. The company is based in Canada, but it is primarily involved in the acquisition, exploration, and evaluation of mineral properties in Northern Ireland. One of the company's main assets is the Curraghinalt Gold Deposit located in Northern Ireland."

Add To Watchlist

OTCPK:DRLDF - Post Discussion

Dalradian Resources, Inc. > NEWS: Orion $1.47/share

View:

Post by BSdetector2016 on Jun 21, 2018 7:46am

NEWS: Orion $1.47/share

The Arrangement Agreement

Under the terms of the Arrangement Agreement, each Dalradian shareholder (other than the Remaining Shareholders) (the “Affected Dalradian Shareholders”) will receive cash consideration of C$1.47 for each Dalradian Share held (the “Consideration”), valuing Dalradian’s total equity at approximately C$537 million, on a fully diluted in-the-money basis. The Consideration represents a 62% premium to the closing price of the Dalradian Shares on the Toronto Stock Exchange (the “TSX”) on June 20, 2018 and a 49% premium to the volume weighted average price (“VWAP”) of the Dalradian Shares over the last 30 trading days.

https://globenewswire.com/news-release/2018/06/21/1527588/0/en/Recommended-Cash-Offer-by-Orion-Mine-Finance-to-Acquire-Dalradian-Resources-Inc.html

286