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Slide #45. Roxgold Inc. — XDM Royalty Corp.
Roxgold Inc. (ROG.CA)
XDM Royalty Corp.
Roxgold Inc. ("Roxgold" or "the Company") (TSXV: ROG) is pleased to announce that it has entered into a definitive agreement with XDM Royalty Corp. ("XDM") providing for the acquisition of all of the outstanding securities of XDM by Roxgold (the "Acquisition"). Subject to further adjustments at closing, XDM shareholders will receive approximately 0.175 Roxgold common shares for every one common share of XDM (the "Exchange Ratio") which represents a deemed issue price of approximately $0.55 per Roxgold share. Roxgold expects to receive net proceeds totaling approximately $7.5 million after transaction and severance costs.
Roxgold is engaged in acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. Co. is in the exploration stage and has interests in properties located in Canada and the United States.
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