McEwen Mining (MUX) will pay 10 million Canadian dollars ($6.9 million) in shares to buy a 3.76% stake in Goliath Resources, the latter said Wednesday.
Goliath said the investment includes a half warrant, exercisable at CA$2.50 for 12 months. Goliath will own 868,056 MUX shares post-transaction, it said.
MUX shares were up 1.1% in recent trading.
Price: 8.09, Change: +0.09, Percent Change: +1.13
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