Equinox Gold On April 23 Said It Will Acquire Orion Mine Finance Management's 40% Interest In Greenstone Gold Mine GP; Equinox Gold To Pay $995M

Under the terms of the SPA, Equinox Gold will pay $995 million to acquire Orion's 40% interest in Greenstone, payable as follows:

• 42.0 million common shares of Equinox Gold valued at $250 million;
• $705 million in cash payable on closing; and
• $40 million in cash payable by December 31, 2024.
  
   

Equinox Gold will fund the cash consideration with net proceeds from both a new $500 million three-year term loan and a bought deal equity financing of common shares of Equinox Gold for approximately $260 million.