OTCPK:DRLDF - Post by User
Post by
BSdetector2016on Jun 21, 2018 7:46am
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Post# 28204002
NEWS: Orion $1.47/share
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