MONTREAL - Base metals company Canadian Royalties Inc. (TSX:CZZ) has signed a friendly deal to be acquired by Jien Canada Mining Ltd. Friday after the Chinese nickel miner raised its offer to $192 million.
Canadian Royalties announced it has signed a support agreement with Jien after a total cash offering of $192 million, including accrued interest on debentures, was put on the table.
This amount incorporates an offer of 80 cents per share for Canadian Royalties' 102 million shares and $800 per $1,000 principal amount of the company's debentures.
