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Gold/Mining/Energy : 2022 Stock Picking Contest
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To: re3 who wrote (191)12/12/2022 12:59:50 PM
From: dara   of 200
 
I'll double check the merger details for the second to last entry. From the news release it states:

As part of the acquisition, Hecla issued 17,992,875million shares of its common stock to Alexco shareholders for a total consideration of approximately $69million based on a share exchange ratio of0.116 of a Hecla share for each Alexco common share. Concurrent with the acquisition, the silver streaming interest at Alexco’s Keno Hill property held by Wheaton Precious Metals Corp was terminated in exchange for US$135 million of Hecla common stock, in the form of 34,800,989 million shares of Hecla common stock based on the 5-day VWAP of $3.88per share. As part of the transaction, Hecla provided Alexco with a US$30 million secured loan facility, of which US$25 million was drawn when the transaction closed.

Now to double check my arithmetic. ;)
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