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Eldorado to acquire Integra Gold to expand operations in Canada [Reuters]

ELDORADO GOLD (EGO)  More Company Research Source: Reuters
Last eldorado gold earnings: 7/26 05:42 pm Check Earnings Report
US:NYSE Investor Relations: eldoradogold.com/investors/default.aspx
PDF Eldorado to acquire Integra Gold to expand operations in Canada n"May 15 Gold producer Eldorado Gold Corphas agreed to buy the remaining shares of Integra Gold Corp, to expand its mining opportunities in the EasternAbitibi region of Canada. Integra shareholders have the option of receiving cash orshares in Eldorado or a mix of both. The maximum number ofshares issuable by Eldorado under the arrangement will be about77 million and the total deal value is about C$590 million,inclusive of Integra shares held by Eldorado. "From previous experience of building and operating goldmines in Canada, I am excited about Eldorado's entry into theEastern Abitibi region of Canada," Eldorado Chief ExecutiveGeorge Burns said in a statement. Upon completion of deal, existing Eldorado and Integrashareholders would hold about 90 percent and 10 percent of thecombined company, respectively. The Integra acquisition comes after Eldorado in Januaryindefinitely shelved expansion plans for its flagship Kislad [Read more]

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