Equinox Gold Announces Sale of Shares of Versamet Royalties
Equinox Gold sold 8,713,000 common shares of Versamet Royalties Corporation via a block trade, generating aggregate gross proceeds of C$130 million. The disposition reduces Equinox’s beneficial ownership of Versamet from approximately 10.7% to 2.7%, resulting in the termination of Versamet’s right of first offer on royalties held by Equinox.
Key figures
- Shares sold
- 8713000
- Proceeds cad
- 130000000
- Shares retained
- 2904915
- Ownership pre pct
- 10.7%
- Ownership post pct
- 2.7%
AI analysis
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