Rua Gold Inc. agreed to acquire Reefton Project of Siren Gold Limited from Siren Gold Limited for AUD 20 million.
The transaction is subject to approval of offer by acquirer shareholders, approval of offer by target shareholders and consummation of due diligence investigation. The expected completion of the transaction is October 1, 2024 to December 31, 2024.
Red Cloud Securities, Inc. acted as financial advisor for Siren Gold Limited. Steinepreis Paganin acted as legal advisor for Siren Gold Limited. Cassels Brock & Blackwell LLP acted as legal advisor for Siren Gold Limited. Cormark Securities Inc. acted as financial advisor for Rua Gold Inc. McMillan LLP acted as legal advisor for Rua Gold Inc. Simpson & Grierson acted as legal advisor for Rua Gold Inc.