DivestmentJul 6, 2026, 06:16 PM
Equinox Gold Sells Versamet Shares for C$130M
AI Summary
Equinox Gold Corp. announced the sale of 8,713,000 common shares of Versamet Royalties Corporation for aggregate gross proceeds of C$130 million. This transaction reduces Equinox Gold's beneficial ownership in Versamet from approximately 10.7% to 2.7%. As a result, Versamet's right of first offer for Equinox Gold's royalties will terminate, and the investor rights agreement will automatically terminate if Equinox Gold's ownership remains below 10% for a continuous 30-day period.
Key Highlights
- Equinox Gold sold 8,713,000 common shares of Versamet Royalties Corporation.
- The disposition generated aggregate gross proceeds of C$130 million.
- Equinox Gold's ownership in Versamet decreased from 10.7% to 2.7%.
- Versamet's right of first offer to acquire Equinox Gold's royalties will terminate.
- The investor rights agreement will terminate if ownership remains below 10% for 30 days.
- Equinox Gold is no longer subject to early warning or insider reporting for Versamet.
Price Impact
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