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Eldorado Gold Purchases Additional Shares in Amex Exploration
Globenewswire· 2025-12-17 13:05
Core Viewpoint - Eldorado Gold Corporation has acquired an additional 14,868,200 common shares of Amex Exploration Inc. for a total consideration of C$59,472,800, increasing its ownership stake significantly in Amex [1][2]. Group 1: Share Acquisition Details - The acquisition price per share was C$4.00, resulting in a total investment of C$59,472,800 [1]. - Prior to the acquisition, Eldorado owned 23,758,130 shares and 207,000 warrants, representing approximately 16.77% of Amex's outstanding shares on a non-diluted basis [2]. - After the acquisition, Eldorado's ownership increased to 38,626,330 shares and 207,000 warrants, representing approximately 27.27% of the outstanding shares on a non-diluted basis [2]. Group 2: Investment Intentions - The acquisition was made for investment purposes in response to an unsolicited opportunity to increase its stake in Amex [3]. - Eldorado has no current plans that would lead to significant changes in Amex's operations or management [3]. - The company may consider increasing or decreasing its ownership in Amex's securities in the future, depending on market conditions [3]. Group 3: Regulatory Compliance - Eldorado relied on the "private agreement exemption" under National Instrument 62-104 for the acquisition, as the purchase was made from less than five persons and was not offered to all shareholders [4]. - The consideration paid was not greater than 115% of the market price of the shares at the time of the private agreement [4]. - An early warning report will be filed in compliance with NI 62-104, providing additional information regarding the acquisition [5]. Group 4: Company Background - Eldorado Gold is a producer of gold and base metals with operations in Türkiye, Canada, and Greece, and is known for its high-quality assets and responsible operations [7].
Mason Resources Highlights Performance and Value of Key Public Market Investments
Newsfile· 2025-07-25 11:30
Core Insights - Mason Resources Inc. reports strong performance from its key public market investments, including Nouveau Monde Graphite, Black Swan Graphene, NorthX Nickel, and Astra Exploration, indicating robust returns across public markets [1][2][3] Investment Performance Highlights - Nouveau Monde Graphite Inc. is experiencing significant growth following the U.S. Commerce Department's preliminary anti-dumping duties of 93.5% on anode-grade graphite from China, positively impacting share prices [5] - Black Swan Graphene Inc. launched graphene-enhanced masterbatches after a $6 million financing in February 2025, leading to positive market reactions [5] - NorthX Nickel Corp. successfully sold its Sudbury properties, which has de-risked the company and positively influenced its share price [5] - Astra Exploration Inc. announced favorable drilling results at its silver project in Argentina, contributing to its strong performance since Mason became a shareholder [5] Company Overview - Mason Resources Inc. is a Canadian corporation focused on investment opportunities, holding significant stakes in Black Swan Graphene, Nouveau Monde Graphite, Astra Exploration, and NorthX Nickel [14][15]