GCM Mining and Aris Gold Combine to Create a Leading Americas Gold Producer
TORONTO and VANCOUVER, Canada, July 25, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have entered into a definitive agreement (the Arrangement Agreement) under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM (the Transaction).
- TORONTO and VANCOUVER, Canada, July 25, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have entered into a definitive agreement (the Arrangement Agreement) under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM (the Transaction).
- After Aris Gold became operator of the Soto Norte joint venture, joining forces with GCM became a logical next step.
- As of today, GCM beneficially owns 60,991,545 Aris Gold shares representing approximately 44.3% of the issued and outstanding Aris Gold shares.
- Canaccord is acting as financial advisor to Aris Gold and has provided a fairness opinion to the Board of Directors of Aris Gold.