Coeur d’Alene Mines Corporation (NYSE:CDE,TSX: CDM) has provided an update on the path to completion of its previously announced binding stock and cash proposal to acquire all of the issued and outstanding common shares of Orko Silver Corp. (TSXV:OK).
Highlights from market news:
– Under the terms of Coeur’s Proposal, each whole Coeur Warrant will be exercisable for one Coeur Share for a period of four years at an exercise price of US$30.00
– Coeur’s Proposal has been approved by the Coeur Board of Directors and no further corporate or shareholder approvals are required by Coeur to complete the transaction. Coeur’s Proposal is not conditional on any financing.