Brief: Kopy Goldfields Enters Into Agreement With HC Alliance Mining Group Ltd. And Lexor Group SA

Kopy Goldfields AB (publ)

29/05/2020 06:34

May 29 (Reuters) - Kopy Goldfields AB (publ)  KOPY.ST :
    * KOPY GOLDFIELDS TO ADD SIGNIFICANT GOLD OPERATIONS VIA A
CONDITIONAL REVERSE TAKEOVER OF AMUR ZOLOTO  CREATING A LEADING
RUSSIA-FOCUSED MID-CAP GOLD EXPLORATION AND PRODUCTION GROUP
    * ENTERED INTO A CONDITIONAL AGREEMENT WITH HC ALLIANCE
MINING
GROUP LTD. AND LEXOR GROUP SA
    * TOTAL CONSIDERATION FOR 100 PERCENT OF SHARES OF AMUR
ZOLOTO IS
782,179,706 NEW SHARES IN KOPY GOLDFIELDS
    * NUMBER OF NEW SHARES TO BE ISSUED IS BASED ON A NEGOTIATED
EQUITY VALUE OF AMUR ZOLOTO OF APPROXIMATELY SEK 1.1^(2) BILLION
(US$119.6 MILLION)
    * IMPLIED SUBSCRIPTION PRICE OF SEK 1.46 PER SHARE IMPLIES A
TRANSACTION PREMIUM OF 54 PERCENT TO THREE-MONTH VOLUME WEIGHTED
AVERAGE PRICE OF KOPY GOLDFIELDS' SHARE TO CLOSING PRICE ON DAY
PRECEDING THIS ANNOUNCEMENT

Source text for Eikon:  ID:nBQN89Zgpg 
Further company coverage:  KOPY.ST 

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