November 23, 2015 / 9:55 PM / 2 years ago

Yamana Gold to cut stake in Brio unit to 21 pct in private placement

1 Min Read

Nov 23 (Reuters) - Yamana Gold Inc said on Monday its wholly owned subsidiary Brio Gold Inc has started a private placement of Brio shares, which will reduce Yamana's stake in the unit to around 21 percent.

Based on this placement, Brio Gold's value would be around $369.3 million, Yamana said in a statement. (Reporting by Nicole Mordant in Vancouver; Editing by Richard Chang)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below