Gold Fields Netherlands Services B.V. a wholly-owned indirect subsidiary of Gold Fields Limited, announces that it has entered into a share purchase agreement dated January 9, 2024 with Fulcrum Global Markets LLC, a Delaware limited liability company, to sell 140,000,001 common shares in the capital of Rusoro Mining Ltd. (TSX-V: RML) for an aggregate initial cash purchase price of approximately US$62,323,793 (approximately C$83,339,376) and certain additional contingent consideration upon the occurrence of specified events described below. The initial cash purchase price represents a price of approximately US$0.45 (approximately C$0.60) per Common Share.
Under the Agreement, GF Netherlands will be entitled to receive from Fulcrum the following additional contingent consideration for the Common Shares to be purchased by Fulcrum:
Immediately prior to entering into the Agreement, GF Netherlands beneficially owned 140,000,001 Common Shares, representing approximately 24.4% of the issued and outstanding Common Shares on an undiluted basis. Upon closing of the Transaction, GF Netherlands will no longer own or control any Common Shares.
GF Netherlands agreed to sell the Purchased Shares pursuant to its ongoing portfolio management strategies. Closing of the Transaction is subject to certain closing conditions as set out in the Agreement.
About GF Netherlands
GF Netherlands is a wholly-owned subsidiary of Gold Fields Limited, a globally diversified gold producer with nine operating mines in Australia, South Africa, Ghana and Peru and two projects in Canada and Chile. The address of GF Netherlands is Crown Business Centre Key-Point, Schipholweg 103, Leiden, 2316 XC, The Netherlands.
This news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. For further information, a copy of the early warning report filed by GF Netherlands in accordance with applicable securities laws will be available under Rusoro’s SEDAR+ profile at www.sedarplus.ca, or to otherwise obtain a copy of the early warning report, please contact:
NGEx Minerals Ltd. (TSX-V: NGEX) is pleased to report remaining... READ MORE
Platinex Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) is please... READ MORE
Giyani Metals Corp. (TSX-V:EMM) (GR:A2DUU8) developer of the K.Hi... READ MORE
Ero Copper Corp. (TSX: ERO) (NYSE: ERO) is pleased to announce ... READ MORE
First two holes from K92’s maiden drill program at the Arak... READ MORE