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Calibre Announces Acquisition of Fiore in Nevada Creating a Diversified, Americas-Focused, Growing Mid-Tier Gold Producer
Calibre Announces Acquisition of Fiore in Nevada Creating a Diversified, Americas-Focused...
About this update from Equinox Gold Corp.
[{"type":"text","content":"\n \n \n \n Calibre Announces Acquisition of Fiore in Nevada Creating a Diversified, Americas-Focused, Growing Mid-Tier Gold Producer\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:initial initial black; BORDER-RIGHT:initial initial black; BORDER-BOTTOM:initial initial black; BORDER-LEFT:initial initial black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 25, 2021\n \n /CNW/ - Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF) (\"Calibre\" or the \"Company\") and Fiore Gold Ltd. (TSXV: F) (OTCQB: FIOGF) (\"Fiore\") are pleased to announce that they have entered into a definitive arrangement agreement (the \"Arrangement Agreement\") whereby Calibre will acquire all of the issued and outstanding common shares of Fiore pursuant to a court-approved plan of arrangement (the \"Transaction\").  The Transaction will create a diversified, Americas-focused, growing mid-tier gold producer with targeted annual gold production of approximately 245,000 ozs\n \n 1\n \n . The combined company will have comprehensive technical capabilities to exploit a pipeline of development and exploration opportunities across a broader portfolio.  This growth strategy will be supported by a strong balance sheet with a combined cash balance of\n \n $96 million\n \n and no bank debt (as at\n \n September 30, 2021\n \n ).\n \n \n Calibre will be acquiring a 100% interest in Fiore's operating Pan Gold Mine (\"Pan Mine\"), the adjacent advanced-stage Gold Rock Project (\"Gold Rock\") and the past producing Illipah Gold Project in\n \n Nevada\n \n , as well as the Golden Eagle project in\n \n Washington State\n \n .\n \n \n All amounts are in\n \n United States\n \n dollars unless otherwise indicated.\n \n \n \n Highlights of the Transaction...