McEwen Mining to acquire Timberline Resources for $19.4M

McEwen Mining has agreed to acquire all outstanding shares of Timberline Resources not already owned by McEwen via a merger, valuing the transaction at approximately US$19.4 million. Timberline shareholders will receive 0.01 of a McEwen share per Timberline share.

“The merger with McEwen Mining, at an attractive premium to Timberline's current trading price, provides our shareholders with continued exposure to Timberline's assets as part of a more diverse growth-oriented platform.”finance.yahoo.com

• 2 sources
• finance.yahoo.comTimberline Announces Acquisition by McEwen Mining at a Significant PremiumTimberline Resources Corp.Apr 16, 2024
• capedge.comMcEwen Mining Inc. S-4/A 2024 Registration Of Securities Issued In Business Combination Transactions | MUX | CapEdgeJun 28, 2024

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