TNR Gold Enters into Definitive Agreement to Be Acquired by Altius Minerals; Shareholders to Receive Altius Shares and Shares of New SpinCo

Impact · against what's priced in

TNR Gold shares now have a defined value floor based on the acquisition terms of 0.0072 Altius shares and 0.25 SpinCo shares. Altius Minerals expands its portfolio via the acquisition, though the material impact on its valuation depends on the size of TNR relative to Altius.

TNR+0.60

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