Newmont Corp

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QuestEx Announces Acquisition By Skeena Resources

Published: 03/30/2022 11:49 GMT
Newmont Corp (NEM) - Questex Announces Acquisition by Skeena Resources.
Questex Gold & Copper - Each of Common Shares of Co That Skeena Does Not Own Will Be Exchanged for C$0.65 Cash Plus 0.0367 of a Skeena Common Share.
Questex Gold & Copper Ltd - Implied Equity Value of the Transaction on a 100% and Fully-diluted Basis is Equal to Approximately C$56.5 Million.
Questex Gold & Copper Ltd - Questex Shareholders Other Than Skeena and Newmont Will Own Approximately 1.5% of Skeena Common Shares on a Pro Forma Basis.
Questex Gold & Copper - Transaction Has Shareholder Support, With Management and Directors of Questex, Newmont Entering Into Voting Support Agreements.
Questex Gold & Copper - Newmont Entered Asset Purchase Agreement With Skeena to Acquire Heart Peaks, Castle/moat & North Rok/coyote Properties for About C$27.0 Million.