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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Newmont Acquired GT Gold in Agreed All-Cash Transaction

2021

Areas Mergers and Acquisitions

Summary

 

 

GT Gold Corp. and Newmont Corporation (“Newmont”) are pleased to announce that they have entered into a binding agreement (the “Arrangement Agreement”), pursuant to which Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own (the “Transaction”) for C$3.25 per share (the “Transaction Price”) in cash. The total equity value pursuant to the Transaction is approximately C$456 million on a fully diluted basis. The Transaction Price represents a premium of 38% to the 20-day volume-weighted average price of GT Gold’s shares on the TSX-V as at March 9, 2021. Goodmans LLP acted for GT Gold Corp.