Coeur d’Alene Mines Corporation (NYSE:CDE,TSX: CDM) announced that they have completed their acquisition of Orko Silver Corp.
As quoted in the press release:
As a result of the completion of the arrangement, Coeur now owns all of the issued and outstanding shares of Orko. As consideration, Coeur paid a total of CAD $100 million in cash and issued an aggregate 11,572,918 common shares of Coeur and 1,588,768 warrants to acquire common shares of Coeur.
Coeur’s President and CEO, Mitchell J. Krebs, said:
We are excited to complete the acquisition of Orko and look forward to developing La Preciosa into a world-class silver mine that generates an attractive rate of return for shareholders over a long mine life.