Orion Mine Finance has completed its previously announced acquisition of Canadian mineral exploration and development company Dalradian Resources.
Image: Orion Mine Finance acquires Dalradian Resources. Photo: courtesy of rawpixel/Unsplash.
In connection with the Transaction, an affiliate of Orion acquired all of the issued and outstanding common shares of the Company (the “Dalradian Shares”) by way of a statutory plan of arrangement under the Business Corporations Act (Ontario), other than Dalradian Shares owned by an affiliate of Orion, and by Sean Roosen, Osisko Gold Royalties Ltd and certain members of Dalradian’s senior management team, for cash consideration of C$1.47 for each Dalradian Share held.
The Dalradian Shares are expected to be delisted from the Toronto Stock Exchange after the end of trading on September 10, 2018.
It is also expected that the Dalradian Shares will be cancelled from admission to trading on AIM by 8:00 a.m. (UK time) on September 10, 2018.
Source: Company Press Release