January 12, 2017 / 1:50 PM / 10 months ago

BRIEF-Leagold Mining to acquire Los Filos from Goldcorp

Jan 12 (Reuters) - Leagold Mining Corp :

* Leagold Mining Corp - deal for us$350 million

* Leagold Mining to acquire Los Filos from Goldcorp as its first gold mine

* Leagold Mining to acquire Los Filos from Goldcorp as its first gold mine

* Leagold Mining Corp - Goldcorp to become an approximate 30% shareholder of leagold at completion

* Leagold Mining Corp - Leagold will undertake debt and equity financings, arranged by UBS Investment Bank and BMO capital markets

* Leagold Mining Corp - US$279 million will be paid in cash and US$71 million in common shares of Leagold

* Leagold Mining Corp- purchase price is made up of US$279 million in cash and US$71 million in common shares of Leagold.

* Leagold Mining Corp - Goldcorp will have right to nominate a director to Leagold’s board at completion of acquisition

* Leagold Mining Corp - has also agreed to distribute to Goldcorp VAT receivable amount in DMSL that is outstanding as of acquisition completion date

* Leagold Mining Corp - Leagold to acquire los filos gold mine in Mexico Source text for Eikon: Further company coverage:

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