RE:RE:RE:RE:RE:RE:RE:While you all chatter in theoryRio and Western Copper are starting to look like my last buyout,, Integra gold and Eldorado Gold.
Lots more going on in the background then "boom" something comes out,, Buyout offer,, but this time there will be other offers, unlike Integra Gold ! ""No Hurry""
Last buyout came as a surprise ! (ready to give up)
(1) Eldorado Gold Invests $14.6 Million In Integra Gold: What It Means For Shareholders Of Both Companies Aug. 21, 2015 9:44 AM ETIntegra Gold Corp. (ICGQF)EGO, ELD:CA4 Comments
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Summary
$2.75 billion gold miner El Dorado Gold recently made a $14.6 million equity investment in Integra Gold, a $61.7 million company.
El Dorado will subscribe for 52.1 million common shares of Integra at $.28 per share, giving the company cash to explore and develop its Lamaque Project in Quebec.
El Dorado also gets the right to participate in future equity offering, and potentially add one director to the board (should El Dorado's ownership exceed 19%).
This move likely means El Dorado will be interested in buying out Integra in the future. I'm bullish on both companies.
(2)
Just In: Eldorado Gold buys Integra Gold – up 656% since our first coverage
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May 15, 2017
Integra Gold (ICG.V) has announced it’s selling itself to Eldorado Gold (EGD.TO, EGO), in a transaction valued at C$590M. Shareholders of Integra Gold will have the option to receive C$1.2125 in cash, 0.2425 shares of Eldorado Gold or a combination or 0.18188 shares of Eldorado Gold and C$0.30313 in cash. Eldorado has limited the total amount of shares it wants to issue to 77 million.
A buyout price of C$1.2125 means shareholders who bought after our first short article on Integra Gold in 2013 are now sitting on a 656% gain. Those who got in at C$0.18 after our initial site visit report in early 2014 are looking at a gain of 574%.
The offered price seems to be very reasonable and we would recommend you to tender your shares to Eldorado’s cash/stock offer or to sell on the open market. Congratulations!
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This will be WRN shareholders some day !
M2