AcquisitionsAug 11, 2026, 04:24 PM
Eldorado Gold Completes Acquisition of Foran Mining Corporation
AI Summary
Eldorado Gold Corporation announced the completion of its acquisition of Foran Mining Corporation on April 14, 2026. Under the terms of the arrangement, Foran shareholders received 0.1128 common shares of Eldorado and $0.01 in cash for each Foran share. Following the acquisition, Foran shares were delisted from the Toronto Stock Exchange, and former Foran CEO Dan Myerson joined Eldorado's board of directors.
Key Highlights
- Eldorado Gold acquired all securities of Foran Mining Corporation.
- The acquisition was completed on April 14, 2026, via a plan of arrangement.
- Foran shareholders received 0.1128 Eldorado shares and $0.01 cash per share.
- Foran shares were delisted from the Toronto Stock Exchange on April 15, 2026.
- Former Foran CEO Dan Myerson joined Eldorado Gold's board of directors.
Price Impact
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