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Coeur d'Alene Mines Proposes to Acquire Orko Silver Corp. for C$2.70/Share in Cash and Stock

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Coeur d'Alene Mines Corporation (the “Company” or “Coeur”) (NYSE: CDE) (TSX: CDM) today confirmed that it has submitted a binding proposal
(“Coeur's Proposal”) to acquire all of the issued and outstanding common
shares of Orko Silver Corp. (“Orko”) (OTC: OKOFF) in a transaction
with a total value of approximately CAD$384 million. Orko today
announced that its Board of Directors has unanimously determined, after
receiving the advice of its financial and legal advisors, that Coeur's
Proposal constitutes a “Superior Proposal” pursuant to its arrangement
agreement with First Majestic Silver Corporation (“First Majestic”)
(FR.TO) (AG) (FMV.F). Orko has provided notice of such determination to
First Majestic. Orko also announced that under the arrangement
agreement, First Majestic now has five business days, expiring at 11:59

See full press release

Posted-In: News Guidance Contracts Management Global

 

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