Gold Resource Corporation

ASE:GORO   3:03:46 PM EDT
2.91
-0.08 (-2.68%)
Debt Financing / Related, Officer Changes, Divestitures / Spin-offs

Gold Resource Intends To Spin-Off Nevada Mining Unit To Shareholders As Separate Co

Published: 10/05/2020 17:17 GMT
Gold Resource Corp (GORO) - Gold Resource Corporation Announces Intent to Create Two Independent, Strategically-focused Companies With Nevada Mining Unit Spin-off to Shareholders.
Gold Resource Corp - Shareholder Approval is Not Required for Spin-off.
Gold Resource Corp - Intent to Spin-off Its Nevada Mining Unit to Shareholders As a Separate, Publicly-traded Company.
Gold Resource Corp - About 20 Million Shares of Spinco Are Expected to Be Distributed to Company's Shareholders.
Gold Resource - Expected That Gold Resource Will Continue to Operate and Focus on Its Oaxaca Mining Unit.
Gold Resource Corp - Deal Expected to Be Tax-free to Gold Resource Shareholders for U.S. Tax Purposes.
Gold Resource - Jason Reid Would Step Down From All Executive & Director Positions With Co and Be Appointed Ceo, President and Director of Spinco.