Equinox Gold and Orla Mining complete their merger
Each Orla share became one Equinox share. Former Equinox holders own about 67% of the group and former Orla holders about 33%. The combined company produces about 1.1 million ounces of gold a year.
Why it matters. An at-market merger with no premium, protected by reciprocal break fees of $475m and $250m.
- Source
- Engineering News
- In the course
- Module 9: The M&A process