As part of this transaction, all of the Karus common shares would be distributed to KORE shareholders on a pro-rata basis to their ownership in the parent company.
The friendly deal hands Equinox Premier's interest in the Hardrock project in Ontario, as well as the Mercedes mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake, Ontario.
Flourishing demand in China and the United States, higher freight costs and tight scrap supplies are expected to fuel further rises in prices of the metal.