Producer Eldorado Gold (ELD-T) and exploration affiliate HRC Development (HDC-V) plan to merge into one company, which will retain the name of the former.
Shareholders of Eldorado will receive one share of the merged company for each existing Eldorado share, while shareholders of HRC will receive one share of the merged company for two existing HRC shares.
In addition, HRC shareholders will receive one-tenth of a share purchase warrant for each existing HRC share. A whole warrant will be exercisable at a price of $8 for two years.
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