Eldorado Gold (EGO) closes Foran Mining acquisition and delists Foran shares
Rhea-AI Filing Summary
Eldorado Gold Corporation completed a corporate transaction under which it acquired all issued and outstanding securities of Foran Mining Corporation on April 14, 2026 pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia).
Each Foran common share was exchanged for 0.1128 Eldorado common share plus $0.01 in cash at the effective time of 12:01 a.m. Vancouver time on April 14, 2026. Foran’s RSUs and DSUs vested, were settled into Foran shares, then exchanged into Eldorado shares based on the same exchange ratio. Foran stock options were vested, cancelled, and replaced with fully vested Eldorado options adjusted for the exchange ratio, and Foran non-voting shares were converted into voting Foran shares and then exchanged into Eldorado shares.
The Foran shares were delisted from the Toronto Stock Exchange on April 15, 2026, and Foran has applied to cease to be a reporting issuer. Following completion of the arrangement, Foran’s former CEO, Dan Myerson, joined Eldorado’s board of directors.
Positive
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Negative
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Filing Explained
The August 11 Form 6-K incorporates its April 17 material-change report by reference into Eldorado’s specified Form F-10 and Form S-8 registration statements, adding the completed Foran arrangement disclosure to those registration documents.
Key Figures
Key Terms
plan of arrangement regulatory
Business Corporations Act (British Columbia) regulatory
long term incentive plan financial
reporting issuer regulatory
FAQ
What transaction did Eldorado Gold (EGO) complete with Foran Mining?
How were Foran Mining equity incentives treated in the Eldorado Gold (EGO) acquisition?
What happened to Foran Mining’s stock listing after the Eldorado Gold (EGO) transaction?
Did the Eldorado Gold (EGO) and Foran Mining deal change Eldorado’s board?
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