Equinox Gold Consolidates Ownership of the Greenstone Gold Mine Arranges Term Loan and Bought Deal Equity Financing [Yahoo! Finance]
Equinox Gold Corp. Common Shares (EQX)
Company Research
Source: Yahoo! Finance
VANCOUVER, British Columbia, April 23, 2024 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) is pleased to announce that it has entered into a binding share purchase agreement (the “SPA”) with certain funds managed by Orion Mine Finance Management LP (“Orion”) to acquire Orion's 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine (“Greenstone”) in Ontario, Canada (the “Transaction”). Under the terms of the SPA, Equinox Gold will pay $995 million to acquire Orion's 40% interest in Greenstone, payable as follows: 42.0 million common shares of Equinox Gold valued at $250 million; $705 million in cash payable on closing; and $40 million in cash payable by December 31, 2024. Equinox Gold will fund the cash consideration with net proceeds from both a new $500 million three-year term loan and a bought deal equity financing of common shares of Equinox Gold for approximately $260 million. Anticipated Benefits
Show less
Read more
Impact Snapshot
Event Time:
EQX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EQX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EQX alerts
High impacting Equinox Gold Corp. Common Shares news events
Weekly update
A roundup of the hottest topics
EQX
News
- Here's Why It's Unlikely That Equinox Gold Corp.'s (TSE:EQX) CEO Will See A Pay Rise This Year [Yahoo! Finance]Yahoo! Finance
- Is Equinox Gold (EQX) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Equinox Gold Completes US$299 Million Bought Deal Financing [Yahoo! Finance]Yahoo! Finance
- Lode Gold (Formerly Stratabound) Engages Former Director as Advisor for Matters Related to the Fremont Project, Located ~500km from Castle Mountain [Yahoo! Finance]Yahoo! Finance
- Canadian Investment Regulatory Organization Trade Resumption - EQXPR Web
EQX
Earnings
- 2/21/24 - Beat
EQX
Sec Filings
- 4/29/24 - Form SC
- 4/26/24 - Form 6-K
- 4/25/24 - Form SUPPL
- EQX's page on the SEC website