| Canadian gold miner Kirkland Lake to buy St Andrew Goldfields | |
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Nov 16 (Reuters) - Kirkland Lake Gold Inc has agreed to purchase fellow Canadian gold miner St Andrew Goldfields Ltd to create a multi-asset, Ontario-focused mid-sized gold producer, the two companies said on Monday. Under the all-share deal, St Andrew shareholders will receive 0.09 of a Kirkland share for each share of St Andrew stock they own - a ratio the companies said was a 25 percent premium to St Andrew's closing share price on Monday. The ratio implies a total equity value of around C$178 million ($133.54 million). ($1 = 1.3329 Canadian dollars) (Reporting by Nicole Mordant in Vancouver)
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St Andrew Goldfields Ltd
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PRODUCER |
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CODE : SAS.TO |
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ISIN : CA7871885074 |
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St Andrew Goldfields is a gold development stage company based in Canada. St Andrew Goldfields holds various exploration projects in Canada. Its main assets in production are CLAVOS and HOLLOWAY in Canada, its main assets in development are HISLOP and HOLT MINE & MILL in Canada and its main exploration properties are TAYLOR, AQUARIUS, TIMMINS GUIBORD and GARRISON CREEK in Canada. St Andrew Goldfields is listed in Canada. Its market capitalisation is CA$ 165.7 millions as of today (€ 153.1 millions). Its stock quote reached its highest recent level on February 25, 2000 at CA$ 9.60, and its lowest recent point on October 24, 2008 at CA$ 0.07. St Andrew Goldfields has 368 269 984 shares outstanding. |