http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112677712
SpinCo - will also be very intresting addition - ) -
Pursuant to the plan of arrangement, the following assets will be transferred to SpinCo:
The Kemess project;
A newly created 1.5% NSR on the Young-Davidson mine;
The existing 2.0% NSR on the Fosterville mine;
The existing 1.0% NSR on the Stawell mine; and
US$20 million in cash
The senior executive team and Board of Directors of SpinCo will include:
Scott Perry : Executive Chairman (AuRico)
Chris Richter : CEO (AuRico)
Robert Chausse : CFO (AuRico)
Two director nominees of Alamos
Upon completion of the plan of arrangement,
MergeCo will own a 4.9% equity interest in SpinCo.
The remaining shares of SpinCo will be distributed 50% each to
former Alamos and AuRico shareholders.
SpinCo will allow all shareholders to benefit from the advancement
of the Kemess project and stable, diversified revenue generation
from three royalty assets.
http://www.auricogold.com/development-project/kemess-underground/default.aspx
http://www.auricogold.com/investor-information/presentations/corporate-presentations/default.aspx
God Bless
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