Golden Minerals Company (AUMN): Golden will form a new entity (“NewCo”)...

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Golden Minerals Company (AUMN)

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Tuesday, 12/08/2020 4:21:15 AM

Tuesday, December 08, 2020 4:21:15 AM

Golden will form a new entity (“NewCo”) that will hold the El Quevar properties. Upon earn-in by Barrick, the NewCo will be 70% owned by Barrick and 30% owned by Golden. Funding of NewCo will be split in proportion to ownership of each shareholder, and industry standard dilution mechanisms will apply in the case of funding shortfalls by either shareholder.

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