Mining company Seligdar has announced the acquisition of 1.91 billion shares, representing a 63.79% stake in the specialty mining and metals company Rusolovo for RUB3.83bn ($66.76m).
Both companies involved in the transaction are based in Russia.
The transaction will increase Seligdar’s stake in Rusolovo to 88.78% from 24.99%.
Seligdar is involved in the extraction of ores and precious metals.
US-based precious metals producer Coeur Mining has agreed to acquire JDS Silver Holdings, as well as its subsidiary JDS Silver, which owns the Silvertip mine in northern British Columbia, Canada.
As part of the acquisition, Coeur Mining will initially pay $146.5m in cash and $38.5m of shares, and assume $15m of existing debt of the target company.
The acquiring company proposes paying up to $50m, upon achieving specific future permitting and exploration milestones at Silvertip.
Coeur Mining has engaged Goodmans as its legal advisor and Sprott Capital Partners as its financial advisor. JDS Silver has engaged Blake, Cassels & Graydon and Bennett Jones as legal advisors, and Maxit Capital as the financial advisor for the transaction.
All companies involved in the transaction are based in Canada.
