BRIEF-Alio Gold And Rye Patch Gold Announce Business Combination
March 19 (Reuters) - Alio Gold Inc:
* ALIO GOLD AND RYE PATCH GOLD ANNOUNCE BUSINESS COMBINATION
* ALIO GOLD - ENTERED INTO AGREEMENT WHEREBY CO WILL ACQUIRE, THROUGH A PLAN OF ARRANGEMENT ALL OF OUTSTANDING SHARES OF RYE PATCH
* ALIO GOLD INC - EACH COMMON SHARE OF RYE PATCH WILL BE EXCHANGED FOR 0.48 COMMON SHARES OF ALIO GOLD
* ALIO GOLD - DEAL OFFER IMPLIES VALUE OF C$1.57 PER RYE PATCH SHARE
* ALIO GOLD INC - OFFER VALUES RYE PATCH’S OUTSTANDING EQUITY AT ABOUT C$128 MILLION
* ALIO GOLD- EXISTING ALIO GOLD & RYE PATCH SHAREHOLDERS WILL OWN ABOUT 53% AND 47% OF COMBINED CO, RESPECTIVELY, FOLLOWING CLOSE OF DEAL
* ALIO GOLD INC - IN EVENT THAT TRANSACTION IS NOT COMPLETED, TERMINATION FEE OF C$4.0 MILLION IS PAYABLE TO EITHER ALIO GOLD OR RYE PATCH Source text for Eikon: Further company coverage: