Kirkland Lake Gold to Acquire Canadian Exchange-listed Detour Gold Corporation

  • Nov 26, 2019 AEDT
  • Team Kalkine

Kirkland Lake Gold Limited (ASX: KLA) enters a definitive agreement with Detour Gold Corporation to acquire all of the issued and outstanding securities of Detour Gold pursuant to a plan of arrangement.

  • Under the terms of the Transaction, KLA would exchange 0.4343 of the company’s common share for each common share of Detour Gold Corp; and,
  • The shareholders in Kirkland would hold about 73 per cent of the pro forma company, post the completion of the transaction.f

 

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