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Eldorado Gold (TSX:ELD) acquires shares of Probe Metals Inc. (TSXV:PRB)

Mining
TSX:ELD
22 July 2021 09:15 (EDT)

Eldorado Gold (ELD) has acquired 15,041,746 common shares of Probe Metals (PRB).

Shares were priced at $1.575 for an aggregate purchase price of $23,690,749.95.

Following this acquisition, Eldorado owns 11.5 per cent of the outstanding shares of Probe Metals. 

Eldorado acquired the shares for investments purposes. Eldorado may increase or decrease its beneficial ownership of Probe’s securities.

Probe Metals Inc is a Canadian-based gold exploration company. The company is focused on the acquisition, exploration and development of prospective gold properties.

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil.

Probe Metals Inc. (PRB) opened trading at C$1.67 per share.

Eldorado Gold Corporation (ELD) opened trading at C$11.88 per share.

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