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.