Eldorado Gold Completes Acquisition of QMX Gold
VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD; NYSE: EGO) (Eldorado or the Company) and QMX Gold Corporation (TSX-V: QMX) (QMX) are pleased to announce the successful acquisition by Eldorado of all of the outstanding common shares (the QMX Shares) in the capital of QMX not already owned by Eldorado, by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the Arrangement).
- VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD; NYSE: EGO) (Eldorado or the Company) and QMX Gold Corporation (TSX-V: QMX) (QMX) are pleased to announce the successful acquisition by Eldorado of all of the outstanding common shares (the QMX Shares) in the capital of QMX not already owned by Eldorado, by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the Arrangement).
- The Arrangement became effective at 12:01 a.m. (Eastern Time) on April 7, 2021 (the Effective Time) resulting in QMX becoming a wholly-owned subsidiary of Eldorado.
- With QMX now a wholly-owned subsidiary of the Company, Eldorado intends to de-list the QMX Shares from the TSX Venture Exchange as soon as practicable.
- Eldorado also intends to submit an application to the applicable securities regulators to have QMX cease to be a reporting issuer and terminate its public reporting obligations.