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Bullboard - Stock Discussion Forum Leagold Mining Corp LMCNF

Leagold Mining Corp is an exploration stage company. It is engaged in the acquisition of gold mining operations and advanced-stage development projects with a focus on Latin America. It has four operating mines namely, Los Filos Mine; RDM Mine; Fazenda Mine; and Pilar Mine. The firm operates in two geographic locations: Mexico and Brazil.

OTCQX:LMCNF - Post Discussion

Leagold Mining Corp > why is this still trading up?
View:
Post by skipstah70 on Dec 17, 2019 5:39pm

why is this still trading up?

Alright.  I thought the merger / take out price was set at $2.70.  Can anyone explain why this still going up?
Comment by ppp on Dec 17, 2019 7:37pm
Pursuant to the transaction, Leagold shareholders will receive 0.331 of an Equinox Gold share for each Leagold share held. This implies at-market consideration of $2.70 per Leagold common share, using closing prices for both Equinox Gold and Leagold common shares on the Toronto Stock Exchange on Dec. 13, 2019. As the Eqinox shares move up we move up also as we are worth .331 of their shares.  ...more  
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