Tahoe Offers Cash/Stock For Guatemala Silver

Tahoe Offers Cash/Stock For Guatemala Silver

Central America

Canadian start-up miner Tahoe Resources is buying the Escobal silver project in Guatemala from subsidiaries of Goldcorp for $505m. The price for the pre-development project includes a minimum of $230m in cash and 40% of the fully diluted Tahoe shares issued through a scheduled IPO. Tahoe announced Monday that it has filed a preliminary prospectus with Canadian authorities to launch an IPO through GMP Securities as sole bookrunner and Genuity Capital Markets. Funds raised will be used for the cas

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