Title : The Aussies Are Coming!
link : The Aussies Are Coming!
The Aussies Are Coming!
And the Canadians can see them coming. From a mile away.
February 26th, 2018:
The deal went live May 18th. So congrats due to Newcrest for buying 19.9% of ex-spinco AMZ at $1.36 a share. Well done guys, starting as you mean to go on.
Investment by Newcrest Mining Limited
The Company is also pleased to report that it has entered into a subscription agreement with Newcrest International Pty Ltd, a wholly owned subsidiary of Newcrest Mining Limited (“Newcrest”) (ASX:NCM) pursuant to which Newcrest has agreed to acquire 14,025,312 Common Shares of Almadex by way of a non-brokered private placement at a price of $1.36 per share for aggregate gross proceeds of $19,074,425 (the “Private Placement”). The Private Placement will close in conjunction with the proposed spinout transaction referred to above, subject to customary conditions of closing including the completion of the Spin-out transaction. Newcrest has completed its due diligence in regards to the Private Placement. Upon completion of the Private Placement, Newcrest will hold 19.9% of the issued shares of Almadex, and will have no ownership interest in Spinco.
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