Medoro Merger definition

Medoro Merger means the acquisition of all of the issued and outstanding securities of Medoro by the Company in connection with the Medoro Arrangement Agreement and the Medoro Plan of Arrangement.

Medoro Merger means the acquisition of all of the issued and outstanding securities of Medoro by GCM pursuant to an arrangement agreement entered into by GCM and Medoro dated April 13, 2011 (as amended and restated as of May 4, 2011) and a statutory plan of arrangement pursuant to section 195 of the Business Corporations Act of the Yukon Territory;

Examples of Medoro Merger in a sentence

• These assets were acquired by Medoro (and effectively the Company as a result of the Medoro Merger) as a result of several acquisitions of different mining projects from a series of vendors with the strategy of consolidating the Marmato mining district in Caldas, Colombia.

• As a result of the Medoro Merger, the Company acquired 100% of Medoro’s interest in the Marmato Project and Medoro’s 5% interest in GCG Segovia, thereby increasing the Company’s interest in GCG Segovia from 95% to 100%.

• As a result of the Medoro Merger, the Company acquired 100% of Medoro’s interest in the Marmato Project and Medoro’s 5% interest in Zandor, thereby increasing the Company’s interest in Zandor from 95% to 100%.

• The Company also holds a 100% interest in the Lo Increíble Properties in Venezuela which it acquired in connection with the Medoro Merger.

• The Company has interests in several exploration properties in Colombia comprising the Segovia Operations, the Zancudo Project (both of which were acquired during 2010), and the Zona Alta and Echandia properties at the Marmato Project (which were acquired through the Medoro Merger).

• It also owns the rights to interests in the Marmato Project, which it acquired in connection with the Medoro Merger, including the Zona Alta Property, the Zona Baja Property and the Echandia Property, and operates the producing Mineros Nacionales Mine located in Zona Baja in Marmato.

• The Company has interests in several exploration properties in Colombia comprising the Segovia Operations, the Zancudo Project (both of which were acquired during 2010), and the Zona Alta, Zona Baja and Echandia properties at the Marmato Project (which were acquired through the Medoro Merger).

• As of December 31, 2019, it also owns the rights to interests in the Marmato Project, which it acquired in connection with the Medoro Merger, which includes Zona Baja, Zona Alta and Echandia.

• The Company held a 100% interest in the Lo Increible Properties in Venezuela, which it acquired in connection with the Medoro Merger.

• The Company has interests in Colombia comprising the Segovia Operations (which was acquired during 2010), and the non-producing Zona Alta and Echandia properties at the Marmato Project (which were acquired through the Medoro Merger) and in Guyana, the Toroparu Project.