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Stage 1 of the REP is an immediate low capital opportunity to enable the processing of available stockpiled material to target production of 80,000 ounces (oz) of gold at a reasonable cost to ensure Ravenswood generates positive operating cashflows for Resolute during the subsequent development phases of the REP.
Resolute's shares last traded at $1.77.5 after reaching a new high of $1.82.5 earlier this month.
Resolute is to pay USD274 million for Toro, with USD130 million of that being in cash and the rest via the issue of 142.5 million Resolute shares to Toro.
All regulatory approvals required to complete the transaction have been secured and 94% of Toro Gold shareholders have committed to accept the takeover offer, enabling Resolute to take immediate control effective August 2, 2019.
Yakabuski's response was prompted by a question from Algoma-Manitoba MPP Mike Mantha concerning Crown fibre being shipped from an area forest near Fort Frances to Resolute's other operations in northwestern Ontario.
AE Industrial Partners, LP (AEI), a Florida-based equity investor, has announced an affiliate has acquired Indiana-based Resolute Industrial Holdings, LLC, a provider of speciality HVAC and R equipment rental solutions, compressor remanufacturing, and refrigerant storage services, the company said.
Global Banking News-March 15, 2019-AE Industrial acquires Resolute Industrial
AE Industrial Partners, LP (AEI), a Florida, US-based equity investor specializing in aerospace and defense, power generation and specialty industrial businesses, has announced an affiliate has acquired Resolute Industrial Holdings, LLC, the company said.
Travel Business Review-March 13, 2019-AE Industrial Partners acquires Resolute Industrial
An affiliate of Florida, US-based equity investor AE Industrial Partners, LP (AEI), specialising in aerospace and defense, power generation and speciality industrial businesses, has acquired Indiana, US-based Resolute Industrial Holdings, LLC, a provider of speciality HVAC and R equipment rental solutions, compressor remanufacturing, and refrigerant storage services, the company said.
Cimarex Energy (XEC) announced that it completed its acquisition of Resolute Energy Corporation (REN) on March 1, 2019.