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Fortuna completes acquisition of Goldrock Mines

29th July 2016

By: Samantha Herbst

Creamer Media Deputy Editor

  

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JOHANNESBURG (miningweekly.com) – TSX-V-listed Goldrock Mines is now a wholly owned subsidiary of TSX- and NYSE-listed Fortuna Silver, which on Thursday announced the completion of its previously announced acquisition.

Pursuant to the arrangement, Goldrock shareholders received 0.1331 of a common share of Fortuna for each Goldrock share held. Additionally, outstanding warrants to buy Goldrock shares are now exercisable for Fortuna Shares, based on the same exchange ratio.

The arrangement was approved by the Supreme Court of British Columbia in its final order on July 26. It remains subject to final approval by the TSX, the NYSE and the TSX-V.

Goldrock will have delisted from the TSX-V by the end of the week ending July 29.

Edited by Creamer Media Reporter

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