Prime Mining (PRMNF) announced the completion of the previously announced plan of arrangement involving the Company and Torex Gold Resources (TORXF), pursuant to which Torex acquired all of the issued and outstanding shares of the Company. Pursuant to the Arrangement, shareholders of Prime were entitled to receive 0.060 of a common share of Torex for each Prime Share held. The Prime Shares are expected to be delisted from the Toronto Stock Exchange, the OTCQX and the Frankfurt Stock Exchange. Prime will also apply to cease to be a reporting issuer in the applicable jurisdictions in which it is currently a reporting issuer.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRMNF:
- Prime Mining Secures Mexican Antitrust Approval for Torex Acquisition
- Prime Mining’s Acquisition by Torex Approved by Court
- Prime Mining Securityholders Approve Acquisition by Torex Gold
- Prime Mining Receives Endorsement for Torex Gold Arrangement
- Prime Mining Proposes Strategic Arrangement with Torex Gold
