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Yamana Gold Enters Into Definitive Agreement to Acquire Extorre Gold Mines
- Client News
- June 19, 2012
Paul, Weiss client Yamana Gold Inc., a Canadian gold producer, announced that it has entered into a definitive agreement to acquire all of the issued and outstanding common shares of Extorre Gold Mines Limited, a Canadian mining company with exploration and development stage precious metals projects in Argentina. Under the terms of the agreement, each Extorre shareholder will receive C$4.26 per share comprised of C$3.50 in cash and 0.0467 of a Yamana common share for each Extorre common share held, or approximately C$395 million.
The Paul, Weiss team advising Yamana included corporate partner Adam Givertz and tax partner David Mayo.