The Transaction provides for the acquisition by an affiliate of Orion of the issued and outstanding common shares of the Company (“Dalradian Shares”) by way of a statutory plan of arrangement under the Business Corporations Act (Ontario), other than Dalradian Shares owned by Orion or its affiliates, and by Sean Roosen, Osisko Gold Royalties Ltd and certain members of Dalradian’s senior management team (collectively, the “Remaining Shareholders”). Each Dalradian shareholder (other than the Remaining Shareholders) will receive cash consideration of C$1.47 for each Dalradian Share held.
Subject to obtaining all required approvals and satisfying all required conditions, the Transaction is expected to close on or about September 7, 2018. Following closing of the Transaction, Dalradian Shares will be de-listed from the Toronto Stock Exchange and the admission of the Dalradian Shares to trading on AIM will be cancelled. If the Transaction closes on September 7, 2018, it is expected that the last day of dealings on AIM in Dalradian Shares will be September 7, 2018 and the Dalradian Shares will be cancelled from admission to trading on AIM by 8:00 a.m. (UK time) on September 10, 2018, being the date that is the trading day after the closing date.
Source: Company Press Release
