21:39דצמבר 03, 2021MT Newswires

New Placer Dome Gold Agrees to be Acquired by Copaur Minerals

New Placer Dome Gold () on Friday said it agreed to be acquired by Copaur Minerals () to combine their properties in British Columbia and Nevada.

The company said its shareholders are being offered 0.1182 of a Copaur share for each New Placer Dome share, which it says is a 61% premium to New Placers Nov.30 closing price.

"We are pleased to be combining with Copaur Minerals, a group that we are confident has the expertise and resources to execute our vision and deliver value to our shareholders through exploration and expansion of the combined portfolio of properties in Nevada and British Columbia," chief executive Maximilian Sali said in a release.

The two companies plan to raise between C$5 million and C$15 million in advance the closing of the deal to fund exploration.

New Placer shares last traded Nov.30, closing at C$0.085 on the TSX Venture Exchange, while Copaur closed at C$1.16 on the same day.