Eldorado and QMX Announce Friendly Acquisition of QMX by Eldorado T.ELD, V.QMX | 1 day ago VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) -- ELDORADO GOLD CORPORATION (TSX: ELD; NYSE: EGO) (?Eldorado?) and QMX GOLD CORPORATION (TSX-V: QMX) (?QMX?) are pleased to announce that they have entered into a definitive arrangement agreement (the ?Agreement?) pursuant to which Eldorado will acquire all of the outstanding shares of QMX (not already owned by Eldorado) for total consideration of approximately C$132 million on a 100% and fully diluted basis or C$0.30 per QMX share (the ?Arrangement?). Eldorado currently owns 68,125,000 shares of QMX, or approximately 17% of QMX shares outstanding, which it purchased at C$0.06 per share in a private placement on December 30, 2019.
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