Wildeboer Dellelce acts for QMX in $132 Million Acquisition by Eldorado Gold Corporation

Eldorado Gold Corporation (TSXV:ELD; NYSE:EGO) and QMX Gold Corporation (TSXV:QMX) have entered into an arrangement agreement pursuant to which Eldorado will acquire all of the outstanding shares of QMX (not already owned by Eldorado) for total consideration of approximately C$132 million on a fully-diluted basis, which represents a 39.5% premium to the closing price of QMX shares on the TSX Venture Exchange as at close of business on the date of signing.

QMX is a Canadian based resource company currently exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil.

Wildeboer Dellelce is representing QMX Gold Corporation and its special committee as legal counsel in connection with the arrangement with a team comprised of Michael Rennie, Sanjeev Patel, Carlye Bellavia, Joel Fraser and Nick Robelek (Corporate Finance and Securities / Mergers and Acquisitions) and Katy Pitch and Marija Tasevska (Tax), and has been pleased to work alongside Canaccord Genuity Corp., which is acting as financial advisor to the special committee of QMX, in connection with this transaction.

Full details can be found here.