Frank Giustra & Ian Telfer - The Bull Case for Gold 672 views Jul 20, 2022 Subscribe to The Meb Faber Show
Creates a company with larger scale and significant free cash flow to unlock shareholder value Substantial combined gold reserve of 3.8 Moz and resource base of 18.3 Moz Measured & Indicated and 7.7 Moz Inferred 1 Strengthened mine-building, operating and financial capacity Streamlined corporate structure with direct realizable synergies No premium, all-share business combination TORONTO and VANCOUVER, Canada, July 25, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have entered into a definitive agreement (the Arrangement Agreement) under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM (the Transaction). The resulting entity will be named Aris Gold Corporation and will be led by Ian Telfer as Chair and Neil Woodyer as CEO and Director.
Ian Telfer, Aris Gold Chair, stated: "The combined group creates a top-in-class company with multiple tier one assets. After Aris Gold became operator of the Soto Norte joint venture, joining forces with GCM became a logical next step. Our increased scale will also broaden our future opportunities to continue building a +1 million ounce producer over the next few years."
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Pro forma consolidated mineral reserves and resources
Table 1: Proven and probable mineral reserve estimates
God Bless. Ps. CDD; SHOCKING: UK Government admits COVID Vaccinated Children are 4423% more likely to die of any cause & 13,633% more likely to die of COVID-19 than Unvaccinated Children BY THE EXPOSÉ ON JULY 27, 2022 • ( 6 COMMENTS )
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