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gold|services

Gold Fields sells down stake in Maverix Metals

4th June 2019

By: Creamer Media Reporter

     

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Gold miner Gold Fields, through its Gold Fields Netherlands Services (GF Netherlands) subsidiary, has sold down its stake in Vancouver-based precious metals royalty and streaming company Maverix Metals to 11.65%, the company reported on Tuesday.

The sale was made on May 31 in a private transaction of 5.35-million shares at C$4.20 a share, for a total cash consideration of C$22.47-million.

Before the transaction, GF Netherlands had ownership and control over shares and warrants representing about 16.61% of the shares of Maverix on a nondiluted basis.  

On Monday, Maverix closed at C$5.45 a share on the TSX-V.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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