Examples of Cangold in a sentence
As of the date of the acquisition, the Company had advanced $1,152 to Cangold and had received a total of 3,957,680 bonus common shares (fair valued at $119) in Cangold.
The Cangold Loan and the Cangold bonus common shares were derecognized upon the completion of the Cangold acquisition.
Mr. Archer also served as Chief Executive Officer and President of both the Company and Cangold.
The amounts owing from Cangold and Coboro were derecognized upon the completion of the Cangold acquisition.These transactions occurred in the normal course of operations, are measured at fair value, and were made on terms equivalent to those that prevail with arm’s length transactions.
The Company’s employees provided certain exploration and corporate secretarial services to Cangold and its subsidiary.
Basis of consolidation These consolidated financial statements include the accounts of the Company and its subsidiaries: Minera Mexicana el Rosario, S.A. de C.V.; Metalicos de Durango, S.A. de C.V.; Minera de Villa Seca, S.A. de C.V.; Coboro Minerales de Mexico, S.A. de C.V. (“Coboro”); Great Panther Silver Peru S.A.C.; Cangold Limited (“Cangold”), Great Panther Finance Canada Limited; and GP Finance International S.a. r.l. All intercompany balances and transactions are eliminated on consolidation.
The Company also issued 475,992 warrants (exercisable at prices ranging from $3.60 per share to $4.00 per share) and 124,250 stock options (exercisable at prices ranging from $2.00 per share to $3.00 per share), replacing warrants and stock options previously issued by Cangold.
As a result, the Company would acquire a 100% interest in Cangold and its wholly-owned subsidiary Coboro.
The Company’s employees provide certain exploration and corporate secretarial services to Cangold and its subsidiary.
Cangold acquisitionOn February 26, 2015, the Company announced that it had entered into a binding letter agreement to acquire all of the outstanding shares of Cangold by way of a statutory plan of arrangement.