Has entered into a binding term sheet to acquire the remaining 49% interest in the Soto Norte joint venture in Colombia from MDC Industry Holding Company LLC (Mubadala). The transaction includes the termination at closing of the associated precious metals stream previously granted to Mubadala. The total consideration is US$80 million, comprised of US$60 million in cash and 1,739,130 newly issued Aris Mining common shares, issued at a deemed price of US$11.50 per share and subject to a four month plus one day hold period. Aris Mining Corporation shares T.ARIS are trading up $0.28 at $1,695.00.
Stocks in play: Aris Mining Corporation
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