Equinox Gold has sold 8,713,000 common shares of Versamet Royalties Corporation in a block trade for aggregate gross proceeds of C$130 million. Prior to the sale, Equinox Gold held 11,617,915 Versamet shares, representing approximately 10.7% of the outstanding shares. Following the transaction, its stake falls to 2,904,915 shares, or about 2.7% of the total. As a result, Versamet’s right of first offer on Equinox Gold’s royalties and streams will terminate, and the investor rights agreement between the two companies will automatically end once Equinox Gold’s ownership remains below 10% for 30 continuous days.
Equinox Gold CorpEquinox Gold sold its Versamet shares for C$130 million, generating cash proceeds.
Versamet Royalties Corporation Common Stock