Rusoro in bid for Gold Reserve
- Publishing Date
- 15 Dec 2008 3:18pm GMT
- Author
- Mining Journal
Rusoro Mining Ltd said it has launched a takeover bid for Gold Reserve Inc. Rusoro is offering Gold Reserve shareholders and equity unit holders 3 Rusoro common shares for each Gold Reserve Class-A common share and each Gold Reserve equity unit.
The offer values Gold Reserve at C$1.08 per Class-A common share and each equity unit, and represents a premium of 140% based on the December 12 closing prices for Rusoro and Gold Reserve on the TSX Venture Exchange and the Toronto Stock Exchange respectively, and a premium of 209% based on the volume-weighted average trading prices for Rusoro and Gold Reserve for the previous 30 trading days on the TSXV and the TSX, respectively.
ALSO IN THE ARCHIVE...
More News By Subject
Site Search
Log in
-
Features
-
Editor's Comment
Geologists- Senior and Junior Positions
Gryphon Minerals is aggressively growing its world class Banfora Gold Project in Burkina Faso, West Africa.
Mining and Metals Opportunities - Hatch
Mining and Metals Opportunities in London and Globally: Senior and junior roles.
Minerals Geoscientist Vacancy - Neftex
Do you want to help develop the world’s most detailed commercially-available 4D Earth Model to support the mining majors?
Opportunities for Senior & Principal Level Consultants - SRK
Professionals needed for central Moscow office.
Senior Hydrogeologist - Schlumberger
We need you in Australia or Canada
Mining Journal is looking to employ a full-time member of staff in British Columbia
Comments