Precious Metals M&A » By The Online Investor Staff, updated Mon., Feb. 6, 12:26 AM
Recent mergers and acquisitions in the Precious Metals M&A category.
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Slide #14. Corona — Interest in Kilo Goldmines Ltd.
Acquirer:
Corona (CRG.CA)
Acquiree:
Interest in Kilo Goldmines Ltd.
Details:
Corona Gold Corporation ("Corona" or the "Company") (TSX:CRG) announces that the Company has agreed to purchase a minimum of 9.2 million and a maximum of 11.2 million equity units ("Units") of Kilo Goldmines Ltd. ("Kilo") as part of a private placement announced by Kilo in a press release dated March 25, 2014. The Units will be offered at a price of $0.25 per Unit (following a 1 for 10 consolidation of Kilo common shares) and each Unit will consist of one post-consolidated common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the Company to acquire one additional post-consolidated common share of Kilo for five years at a price of $0.35 during the first two years and $0.50 for the next three years.
Corona Gold is a development stage company. Co. is engaged in the business of acquiring and exploring mineral properties in Canada, as well as investing in securities of other companies with similar objectives and activities.
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