Eldorado Gold Corporation Completes $132 Million Acquisition of QMX Gold Corporation

April 07, 2021

Eldorado Gold Corporation (TSXV:ELD; NYSE:EGO) and QMX Gold Corporation (TSXV:QMX) have successfully completed their arrangement agreement pursuant to which Eldorado acquired all of the outstanding shares of QMX (not already owned by Eldorado) for total consideration of approximately C$132 million on a fully-diluted basis.

QMX is a Canadian based resource company currently exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil.

Wildeboer Dellelce represented QMX and its special committee as legal counsel in connection with the Arrangement with a team comprised of Michael Rennie, Sanjeev Patel, Carlye Bellavia, Joel Fraser and Nick Robelek (Corporate Finance and Securities / Mergers and Acquisitions) and Katy Pitch and Marija Tasevska (Tax).