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SSR Mining agreed to buy Roxmore Resources, valuing the deal at about $464 million on an in-the-money equity basis. Roxmore holders to receive cash of C$ 6.75 per share, funded from SSR Mining’s balance sheet. Shareholders also get stock in a new exploration SpinCo, funded with US$ 10 million; ownership 85.01% Roxmore
SSR Mining agreed to buy Roxmore Resources in a deal valued at about CAD 712 million on a fully diluted basis. Consideration per share set at CAD 6.75 cash, with 0.33 share of a new exploration spinout valued at about CAD 0.50. Cash portion totals about CAD 663 million, with the spinout implied at about CAD 49 million.