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BLG acting on Eldorado Gold’s C$590M acquisition of Integra Gold

Date announced: 05/15/2017

Value: C$590 million

Gold producer Eldorado Gold Corp. has agreed to acquire all of the issued and outstanding shares of Integra Gold Corp. to expand its operations into the Eastern Abitibi region of Québec. Under the acquisition, valued at approximately C$590,000,000, Integra shareholders can elect to receive cash or shares or a mix of both. Eldorado will pay $1.21250 for each Integra share it acquires, which represents a premium of approximately 52% over Integra's May 21, 2017 closing price. The transaction is being completed by way of a plan of arrangement under the Business Corporations Act (British Columbia).

BLG is acting for Raymond James Ltd., as financial advisor to Integra, with a team led by Andrew Powers and including William Jones and Joseph DiPonio.