Gold Resource enters plan of merger with Goldgroup Mining

Gold Resource Corporation has signed a definitive arrangement agreement and plan of merger with Goldgroup Mining, under which the latter will acquire all of Gold Resource’s issued and outstanding shares for $372m (C$509.97m). The transaction will be executed through a reverse triangular merger in which Gold Resource will merge with a wholly owned Goldgroup subsidiary in accordance with Colorado law and a plan of arrangement under the Business Corporations Act (British Columbia). Following the completion ...