M&A

Orion completes Dalradian takeover

Dalradian shares to be delisted from TSX and AIM on September 10

Staff reporter

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Dalradian said Friday all required approvals had been obtained and all required conditions met for the takeover announced in June.

Orion has acquired all issues and outstanding common shares for C1.47 each in cash, although certain members of Dalradian management, Sean Roosen and Osisko Gold Royalties, have kept their combined 20.4% stake.

The Dalradian shares are expected to be delisted from the Toronto Stock Exchange on September 10 and cancelled from trading on AIM by the morning of the same day.

On Friday, the last day of trading, Dalradian's shares rose 0.59% to 85p.

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