RockBreaks – Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) to Acquire Emergent Metals, Consolidating Nevada Gold Assets
This article has been disseminated on behalf of Lahontan Gold Corp. and may include paid advertising. Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF) entered into a definitive arrangement agreement to acquire all outstanding shares of Emergent Metals Corp. Under the transaction, Emergent shareholders will receive one Lahontan share for every 3.21 Emergent shares, representing implied consideration of approximately $0.115 per Emergent share and a 47.8% premium to Emergent’s 30-day volume-weighted average price. Upon completion, existing Lahontan and Emergent shareholders are expected to own approximately 95.3% and 4.7% of the combined company, respectively. The transaction will give Lahontan 100% ownership of the West Santa Fe project, eliminate royalties on West Santa Fe and the York claims…