GREY:GIXEF - Post by User
Comment by
hammer161on Nov 16, 2013 5:52pm
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Post# 21913098
RE:San Augustin project sold by Silver Standard
RE:San Augustin project sold by Silver Standard
Not sure where you get the $220M figure. I add up the terms of the deal from the press release below to a total of $75M Under the terms of the agreement,
Argonaut Gold will purchase San Agustin for aggregate consideration of:
• $15 million cash payable at closing;
• $30 million of Argonaut shares issued at closing (based on the 5-day volume weighted average sale price for Argonaut shares trading on the TSX prior to signing the definitive agreement);
• $10 million cash payable six months after signing the definitive agreement; and
• $20 million cash payable eighteen months after signing the definitive agreement.