RE:RE:RE:RE:RE:RE:Breaking news! Premier Gold [PG], Market Cap 172 Million, up 19% today, was just surprisingly taken over by Equinox Gold [EQX], Market Cap 2.44 Billion, Wednesday.
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Kirkland Lake’s President, Anthony Makuch, is a director of PG.
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Ross Beaty is the Big Cheese at EQX.
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PG’s Nevada properties will be spun out to a new company, I-80 Gold.
PG’s president Downy will be its new president.
I-80 intends a $75,000,000 financing. EQX is committed to 30%.
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Interstate 80 [I-80] is a transcontinental highway from San Francisco to New York.
It crosses Northern Nevada and pretty much follows the route of the first transcontinental railroad.
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It was an interesting morning for RJ, as PG is our 6th largest and EQX is our 12th largest holding.
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RJ