Eldorado Gold bids $132 million for junior miner QMX to fuel potential Quebec growth

January 22, 2021 / dlvr.it / Article Link

CALGARY - Vancouver-based Eldorado Gold Corp. says it has struck a deal to buy the shares of Quebec exploration company QMX Gold Corp. it doesn't already own in a cash-and-shares transaction worth $132 million or 30 cents per share. Eldorado owns about 17 per cent of the QMX shares, purchased for six cents each in a private placement at the end of 2019. It's offering 7.5 cents in cash and 0.01523 of an Eldorado share for the rest. CEO George...Read full news

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