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Orion to Acquire Centerra Gold's 50% Interest in the Greenstone Gold Mines Partnership

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PREMIER GOLD MINES LIMITED ( Premier )
(TSX:PG) (OTCPK: PIRGF) and
CENTERRA GOLD INC. ( Centerra ) (TSX:CG) are pleased to announce that an affiliate of the
Orion Mine Finance Group ( Orion ), has entered into an agreement (the Purchase Agreement ) with Centerra and Premier pursuant to which Orion will acquire Centerra s 50% interest in the Greenstone Gold Mines Partnership ( GGM ) for cash consideration of US$225 million (subject to certain adjustments) plus certain contingent payment obligations of approximately US$75 million (assuming a US$1,500 gold price), described below (the Transaction ). Premier currently owns the other 50% of GGM.
GGM s principal asset is the Hardrock Mine Project ( Hardrock or the Project ) located on the Trans-Canada Highway near Geraldton, Ontario, Canada and represents one of the most significant large-scale, permitted, mine development opportunities in North America. ....

United States , United Kingdom , Kyrgyz Republic , Istvan Zollei , Ewan Downie , Greenstone Gold Mines Partnership , Centerra Gold Inc , Orion Mine Finance Group , Toronto Stock Exchange , Gold Mines , Hardrock Mine Project , Trans Canada Highway , Purchase Agreement , Contingent Payments , Hardrock Project , North America , Greenstone Project , Multilateral Instrument , Minority Security Holders , Special Transactions , Gold Mines Limited , Kumtor Mine , Mount Milligan Mine , British Columbia , Press Release , ஒன்றுபட்டது மாநிலங்களில் ,

Orion to Acquire Centerra Gold's 50% Interest in the Greenstone Gold Mines Partnership Toronto Stock Exchange:CG

Orion to Acquire Centerra Gold’s 50% Interest in the Greenstone Gold Mines Partnership
Centerra Gold Inc.; PREMIER GOLD MINES LIMITED
Toronto, Ontario, CANADA
PREMIER GOLD MINES LIMITED (“Premier”)
(TSX:PG) (OTCPK: PIRGF) and
CENTERRA GOLD INC. ( Centerra ) (TSX: CG) are pleased to announce that an affiliate of the
Orion Mine Finance Group (“Orion”), has entered into an agreement (the “Purchase Agreement”) with Centerra and Premier pursuant to which Orion will acquire Centerra s 50% interest in the Greenstone Gold Mines Partnership (“GGM”) for cash consideration of US$225 million (subject to certain adjustments) plus certain contingent payment obligations of approximately US$75 million (assuming a US$1,500 gold price), described below (the Transaction ). Premier currently owns the other 50% of GGM. ....

United States , United Kingdom , Kyrgyz Republic , Istvan Zollei , Ewan Downie , Greenstone Gold Mines Partnership , Centerra Gold Inc , Orion Mine Finance Group , Toronto Stock Exchange , Gold Mines , Hardrock Mine Project , Trans Canada Highway , Purchase Agreement , Contingent Payments , Hardrock Project , North America , Greenstone Project , Multilateral Instrument , Minority Security Holders , Special Transactions , Gold Mines Limited , Kumtor Mine , Mount Milligan Mine , British Columbia , Press Release , Centerra Gold ,

NetNewsLedger - Orion to Acquire Centerra Gold's 50% Interest in the Greenstone Gold Mines Partnership

NetNewsLedger - Orion to Acquire Centerra Gold's 50% Interest in the Greenstone Gold Mines Partnership
netnewsledger.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netnewsledger.com Daily Mail and Mail on Sunday newspapers.

United States , United Kingdom , Kyrgyz Republic , Istvan Zollei , Ewan Downie , Greenstone Gold Mines Partnership , Centerra Gold Inc , Orion Mine Finance Group , Toronto Stock Exchange , Gold Mines , Hardrock Mine Project , Trans Canada Highway , Purchase Agreement , Contingent Payments , Hardrock Project , North America , Greenstone Project , Multilateral Instrument , Minority Security Holders , Special Transactions , Gold Mines Limited , Kumtor Mine , Mount Milligan Mine , British Columbia , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் ,

Orion to pay $225m for 50% interest in Greenstone Gold Mines

Orion to pay $225m for 50% interest in Greenstone Gold Mines
Work at the Greenstone gold property.
(Image courtesy of Premier Gold Mines).
Premier Gold Mines (TSX: PG) and Centerra Gold (TSX: CG) entered into an agreement with an affiliate of the Orion Mine Finance Group pursuant to which Orion will acquire Centerra’s 50% interest in the Greenstone Gold Mines Partnership for cash consideration of $225 million plus certain contingent payment obligations of approximately $75 million.
Premier currently owns the other 50% of GGM. Meanwhile, affiliates of Orion beneficially own or control approximately 13.9% of the outstanding common shares of Premier and, as such, Orion is considered a “related party” and an “insider” of Premier for the purposes of applicable securities laws and stock exchange rules. ....

Istvan Zollei , Greenstone Gold Mines Partnership , பசுமை கல் தங்கம் சுரங்கங்கள் கூட்டு ,

Orion to acquire Centerra's 50% stake in Canadian gold mine for $225m

Orion to acquire Centerraâs 50% stake in Canadian gold mine for $225m
Orion will acquire Centerraâs stake in Greenstone Gold Mines Partnership whose principal asset is the Hardrock Mine Project located in Ontario, Canada
Orion to acquire stake in Canadian gold mine. (Credit: Pixabay/keesstes.)
Orion Mine Finance Group has agreed with Centerra Gold and Premier Gold Mines to acquire Centerraâs 50% stake the Greenstone Gold Mines Partnership in Canada.
Orion is acquiring the stake for $225m along with certain contingent payment obligations of about $75m. Premier will continue to hold the remaining 50% stake in the gold mine.
GGMâs principal asset is the Hardrock Mine Project located on the Trans-Canada Highway near Geraldton, Ontario, Canada. The project is claimed to be a highly significant large-scale, permitted, mine development opportunity in North America. ....

United States , Istvan Zollei , Ewan Downie , Greenstone Gold Mines Partnership , Toronto Stock Exchange , Orion Mine Finance Group , Hardrock Mine Project , Mine Finance Group , Centerra Gold , Premier Gold Mines , Trans Canada Highway , Hardrock Project , North America , Greenstone Project , ஒன்றுபட்டது மாநிலங்களில் , ய்வந் டௌநீ , பசுமை கல் தங்கம் சுரங்கங்கள் கூட்டு , டொராண்டோ ஸ்டாக் பரிமாற்றம் , ஒரையந் என்னுடையது நிதி குழு , ஹார்ட்ராக் என்னுடையது ப்ராஜெக்ட் , என்னுடையது நிதி குழு , சென்டர்ரா தங்கம் , ப்ரிமியர் தங்கம் சுரங்கங்கள் , டிரான்ஸ் கனடா நெடுஞ்சாலை , ஹார்ட்ராக் ப்ராஜெக்ட் , வடக்கு அமெரிக்கா ,