Troilus to Acquire Urbangold Minerals for $15m.

Troilus Gold, a gold miner, agreed to Acquire Urbangold Minerals, a gold mining company, for $15m. Under the terms of the Agreement, UrbanGold shareholders will receive 0.3004 of a Troilus common share for each UrbanGold share. The exchange ratio implies a consideration of $0.23 per UrbanGold Share “The acquisition of Urban Gold aligns with Troilus’ focus on developing a near-term production asset while executing a growth strategy supported by a broad portfolio of exploration and early-development assets within the Frôtet Evans Belt and Quebec. We look forward to welcoming Urban’s shareholders to Troilus and our continued success together,” Justin Reid, Troilus CEO.