Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Aya Gold & Silver Announces Approval to Acquire Algold Resources
Aya Gold & Silver Inc.March 5, 2021 GMT
Mont-Royal, March 05, 2021 (GLOBE NEWSWIRE) Montreal, Quebec, March 5, 2021 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is pleased to announce that the Proposal made by Algold Resources Ltd. (“Algold”) to its creditors was approved today pursuant to which Aya will fund Algold’s Proposal and at closing, will become the sole shareholder of Algold (the “Transaction”).
Under the terms of the Investment Agreement, Aya will provide Algold with C$100,000 in cash and distribute C$2,400,000 in Aya shares to Algold current shareholders to fund Algold’s Proposal.
Aya Gold & Silver Announces Approval to Acquire Algold Resources globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Aya Gold & Silver Signs Binding Agreement to Acquire Algold Resources
Aya Gold & Silver Inc.February 19, 2021 GMT
Mont-Royal, Feb. 19, 2021 (GLOBE NEWSWIRE) Montreal, Quebec, February 19, 2021 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is pleased to announce that, in the context of the Proposal made by Algold Resources Ltd. (“Algold”), it has entered into a binding term sheet (the “Investment Agreement”) with Algold pursuant to which Aya would fund Algold’s Proposal to its creditors (“the Proposal”) and at closing, would become the sole shareholder of Algold (the “Transaction”).
(MENAFN - GlobeNewsWire - Nasdaq) Mont-Royal, Feb. 19, 2021 (GLOBE NEWSWIRE) Montreal, Quebec, February 19, 2021 - Aya Gold & Silver Inc. (TSX: AYA) ( Aya or the Corporation ) is pleased to announce that, in the context of the Proposal made by Algold Resources Ltd. ( Algold ), it has entered into a binding term sheet (the Investment Agreement ) with Algold pursuant to which Aya would fund Algold s Proposal to its creditors ( the Proposal ) and at closing, would become the sole shareholder of Algold (the Transaction ).
Under the terms of the Investment Agreement, Aya will provide Algold with C$100,000 in cash and C$2,500,000 in Aya shares to fund Algold s Proposal. Aya will also provide C$2,400,000 in Aya shares to be distributed to Algold current shareholders with a view to become Algold s sole shareholder.
Aya Gold & Silver Signs Binding Agreement to Acquire Algold Resources apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.