Reyna Silver Announces Acquisition by Torex Gold and Concurrent Financing

Reyna Silver Announces Acquisition by Torex Gold and Concurrent Financing

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Torex Gold Resources Inc. (TSX:TXG) - Diversifying Portfolio With US$26M Reyna Silver Acquisition - Research Portal

Torex has entered into a definitive agreement to acquire Reyna Silver (TSXV:RSLV, Not Rated) in a US$26M (C$36M) all-cash deal (C$0.13/sh), representing a ~53% premium to RSLV’s last closing price of C$0.085/sh. Torex stands to gain access to RSLV’s four pre-resource projects, including Batopilas and Guigui in Mexico, and Gryphon and Medicine Springs in Nevada. The proposed acquisition represents a first step towards developing a diversified proj

Torex Gold Resources to acquire Reyna Silver for $26m

Torex Gold Resources is to acquire the issued and outstanding common shares of Reyna Silver, excluding those held by Torex, for a cash consideration of C$36m ($26m).The post Torex Gold Resources to acquire Reyna Silver for $26m appeared first on Mining Technology.

Torex expands with $36M Reyna Silver buy – The Northern Miner

Torex Gold Resources (TSX: TXG) has expanded its North American exploration portfolio with the acquisition of Reyna Silver (TSXV: RSLV) in an all-cash deal valued at $36 million. The acquisition...