Guerrero Ventures To Buy Royalty And Stream Portfolios From Not saying to buy or sell..
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Market News & Research Alert News for GV Alert Sent 2020-02-24 10:14:19 AM ET Delivery preference: Immediate delivery Update: Yamana Gold Up 1.5% As Moves To Sell Royalty Portfolio to Guerrero Ventures For $65 Million; GV In Trading Halt 2020-02-24 10:13:52 AM ET (MT Newswires) 10:13 AM EST, 02/24/2020 (MT Newswires) -- Yamana Gold (YRI.TO) was at last look up 1.5% on the TSX amid news it has entered into a definitive purchase agreement with Guererro Ventures (GV.V) to sell a portfolio of royalty interests and the contingent payment to be received upon declaration of commercial production at the Deep Carbonates Project (DCP) at the Gualcamayo gold mine, for $65 million. A trading halt has been implemented on GV stock. The consideration involves a cash component of $20 million and a $45 million share position in a newly created company, Nomad Royalty. This model is similar to the approach that Yamana took with the creation of its Brio Gold subsidiary, which became a successful standalone public company. Guerrero will also acquire a portfolio of precious metals royalty, stream and gold loan assets from funds related to Orion Resource Partners (USA) LP for $268 million. Guerrero intends to fund the up-front cash component of Yamana's consideration through a combination of cash on hand and the proceeds from a proposed private placement of subscription receipts at $0.90 per subscription receipt. Guerrero has obtained a lead order of $3 million for the placement. Guerrero will change its corporate name to Nomad Royalty Company Ltd. Orion and Yamana are expected to hold approximately 77% and 13% of the outstanding shares of Nomad. Price: 6.31, Change: +0.16, Percent Change: +2.60 Fiscal year ends Jul 31, 2015. Values are displayed in millions. Currency is displayed in USD. () = Negative Values. *GAAP = prior to non-GAAP analyst adjusted earnings. K=Thousands, M=Millions, B=Billions, TTM=Trailing 12 Month, MRQ=Most Recent Quarter, FYR=Fiscal Year End, NM=Not Meaningful, NA=Not Available, GAAP = Generally Accepted Accounting Principles used in Financial Statements issued by the company, Non-GAAP = Adjusted Operating Earnings or Revenue used in comparison to Analyst Estimates. Adjustments are typically one-time gains or losses. 12.45 PM Oct 01, 2014 Quotes, News, and Fundamentals provided by Thomson Reuters To change your settings or to unsubscribe from the alert service, please login to Webbroker.