- Calibre Mining (CXB) has acquired all of the issued and outstanding common shares of Fiore Gold
- Former Fiore shareholders received 0.994 of a common share of Calibre and a cash payment of $0.10 in exchange for each Fiore share held
- Calibre issued an aggregate of 101,321,923 shares and made an aggregate cash payment of approximately $10.2 million
- Fiore shares will be delisted from the TSX Venture Exchange
- Calibre Mining is a mid-tier gold producer
- Calibre Mining Corp. (CXB) opened trading at C$1.40 per share
Calibre Mining (CXB) has completed the previously announced acquisition of Fiore Gold.
Former Fiore shareholders received 0.994 of a common share of Calibre and a cash payment of $0.10 in exchange for each Fiore share held.
Calibre issued an aggregate of 101,321,923 shares and made an aggregate cash payment of approximately $10.2 million. Existing Calibre and former Fiore shareholders own approximately 77 per cent and 23 per cent of the issued and outstanding shares of Calibre, respectively.
Calibre has acquired a 100 per cent interest in Fiore’s operating Pan Gold Mine, adjacent advanced-stage Gold Rock Project and the past-producing Illipah Gold Project in Nevada, as well as the Golden Eagle project in Washington State.
Fiore shares will be delisted from the TSX Venture Exchange. The Calibre shares issued will be listed for trading on the TSX.
Calibre Mining is a mid-tier gold producer with a strong pipeline of development and exploration opportunities across Nevada, Washington and Nicaragua.
Calibre Mining Corp. (CXB) opened trading at C$1.40 per share.