Orion Mine Finance to buy Dalradian Resources in $537 mln deal
Toronto-based mining company Dalradian Resources Inc (TSX: DNA) has agreed to be acquired by Orion Mine Finance, a U.S. mining private equity firm and existing investor. The buy, which values Dalradian’s equity at about $537 million, will see certain shareholders receive $1.47 in cash for each share held. The shares held by certain other investors, including senior management and Osisko Gold Royalties Ltd, will not be acquired. The deal, which reportedly has the support of top shareholder M&G Investment Management, is expected to close in Q3 2018. Dalradian, led by President and CEO Patrick Anderson, is currently developing its Curraghinalt Gold Project in Northern Ireland.
21 June 2018•8 mins read
