Mergers & Acquisitions ·
Eldorado Gold Corporation completed its acquisition of Foran Mining Corporation on April 14, 2026, pursuant to a plan…
EGOEldorado Gold Corp
Eldorado Gold Corporation completed its acquisition of Foran Mining Corporation on April 14, 2026, pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the transaction, Foran shareholders received 0.1128 Eldorado common shares and $0.01 in cash for each Foran voting common share held prior to the effective time. Restricted share units were vested and settled on a one-to-one basis before exchange, while stock options were cancelled and replaced with adjusted fully vested replacement options for Eldorado shares. Non-voting common shares were converted to voting shares on a one-to-one basis and subsequently exchanged. Foran Shares delisted from the Toronto Stock Exchange following the transaction, and Dan Myerson, former CEO of Foran, joined Eldorado's board of directors. Eldorado Gold Corporation operates in the gold mining industry.