Inca One Gold (IO.V) has announced it has entered into a binding agreement with Standard Tolling (TON.V) whereby Inca One will acquire all of Standard Tolling’s outstanding shares. Inca is offering 0.55 shares of Inca One for each share of Standard Tolling and has also offered to convert Standard Tolling’s warrants into Inca One-warrants (using the same ratio, so TON-warrants with an exercise price of C$0.15 will now be exercisable at C$0.273 per share of Inca One).

This is a good agreement for both parties as Standard Tolling acknowledges the merger brings a lot of advantages. We have met both Ed Kelly and Len Clough, the CEO’s of respectively Inca One Gold and Standard Tolling, in Vancouver and both parties are very much aligned to make this merger happen. Inca One has already started to truck ore from Standard Tolling’s ore inventory to the Chala One plant where the Chala stockpile is being replenished and we’re looking forward to see Inca One boost its production rate to 100 tonnes per day again.

> Click here to go to Inca One’s website

Disclosure: The author holds a long position in both Inca One and Standard Tolling and intends to tender his shares to the Inca One offer. Inca One is a sponsor of the website. Please see our disclaimer for current positions.


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