Toronto-listed Dickenson Mines has proposed that a wholly owned subsidiary amalgamate with Goldquest Exploration (CDN).
Goldquest shareholders would receive Dickenson class A shares at an exchange ratio yet to be determined.
Dickenson owns 62% of the outstanding shares of Goldquest. After the proposed merger, the amalgamated company would be wholly owned by Dickenson. This merger is not conditional upon completion of the proposed merger of Dickenson and Goldcorp (TSE), which was announced in August.
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