NR, Mr. George Burns reports !
Eldorado Gold completes arrangement with Integra
2017-07-10 12:07 ET - News Release
See News Release (C-ELD) Eldorado Gold Corp
Mr. George Burns reports
ELDORADO GOLD AND INTEGRA GOLD COMPLETE PLAN OF ARRANGEMENT
Eldorado Gold Corp. has completed the plan of arrangement involving Integra Gold Corp., originally announced on May 15, 2017. The arrangement was approved by the shareholders of Integra at its special meeting on July 4, 2017, and received approval from the Supreme Court of British Columbia on July 7, 2017.
Pursuant to the arrangement, Integra shareholders will collectively receive, for all the issued common shares of Integra that Eldorado did not already own, approximately $129-million cash and 77 million common shares of Eldorado (representing approximately 10 per cent of the total issued common shares of Eldorado after the completion of the arrangement).
Integra will continue as a wholly owned subsidiary of Eldorado, and Integra's common shares will be delisted from the TSX Venture Exchange as soon as practicable.
Eldorado's president and chief executive officer, George Burns, commented: "This is a very important transaction for Eldorado, and we are pleased with the votes of support from Integra shareholders. Eldorado is looking forward to expanding our growing business to Canada. Our experience in building and operating mines, combined with the experience from our new team in Quebec, will enhance our long-term growth profile and value proposition for all stakeholders."
About Eldorado Gold Corp.
Eldorado is a leading intermediate gold producer with mining, development and exploration operations in Turkey, Greece, Romania, Serbia and Brazil.
We seek Safe Harbor.