en.Wedoany.com Reported - Lundin Gold (TSX:LUG) has completed the silver stream share transaction with LunR Royalties and distributed the acquired shares to shareholders as a special dividend.

The transaction was completed on May 28. Lundin Gold received 50,505,051 common shares of LunR Royalties (TSX-V:LUNR) in exchange for granting LunR a silver stream interest over the mine life of the Fruta del Norte gold mine in Ecuador. The board subsequently declared a special dividend in kind, distributing all LunR shares on a pro-rata basis to eligible shareholders.

Each eligible shareholder will receive approximately one LunR share for every five Lundin Gold shares held. The dividend will be paid on June 11 to shareholders of record as of the close of business on June 4. No fractional shares will be distributed; fractional entitlements will be rounded down and sold for cash proceeds. Shareholders in the United States and other restricted jurisdictions will receive a cash payment equal to the net proceeds from the sale of their allocated shares, net of applicable taxes.

The transaction resulted in Lundin Gold beneficially owning approximately 41.78% of LunR's issued shares on an undiluted basis. Following the dividend payment, Lundin Gold will no longer hold any LunR shares and will no longer be deemed a control person.

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