RE:RE:RE:RE:RE:Today Is Not A Good Day as Calibre Mining Buys Marathon GoldNLMoose wrote: I don't think this deal will go through either as Marathon Gold shares are well below the agreed 84 cents a share, which is one of the requirements for this takeover agreement from Calibre Mining to go ahead.
Right now, Marathon Gold shares are trading at 70.5 cents a share.
MOZ shareholders are receiving 0.6164 of a CXB share for each MOZ share they own. No cash, no promises as to what that MOZ share will be worth on closing.
From the November 13, 2023 press release: ".......Marathon shareholders will receive 0.6164 of a Calibre common share for each Marathon common share held (the “Consideration”). The Consideration implies a value of C$0.84 per Marathon common share and gross Transaction equity value consideration of C$345 million on a fully diluted in-the-money basis. This represents a premium of 32% based on spot and 61% based on Calibre’s and Marathon’s 20-day VWAP as at November 10, 2023. Existing shareholders of Calibre and Marathon will own approximately 66% and 34% of the combined company, respectively. Marathon will also be entitled to nominate one member to the board of directors of Calibre."