Tahoe Resources and Rio Alto Mining complete merger 

 

April 2015

Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) and Rio Alto Mining Limited (TSX & BVL: RIO, NYSE: RIOM) completed a merger pursuant to a Plan of Arrangement on April 1, 2015.

Rio Alto, which operates the La Arena mine in Peru and is developing the Shahuindo project, also in Peru, is now a wholly-owned subsidiary of Tahoe. All of the issued and outstanding common shares of Rio Alto were transferred to Tahoe in consideration for the issuance by Tahoe of 0.227 of a common share of Tahoe and the payment of $0.001 for each Rio Alto Share, representing a total transaction value of just over $1 billion. On closing of the Arrangement, Tahoe has 223,726,156 common shares issued and outstanding, with former Rio Alto shareholders holding approximately 34 percent on an undiluted basis.

Tahoe retained McMillan LLP to perform the U.S. securities law work on the transaction. Herb Ono and Daniel Dex of Capital Markets led the team and were assisted by Arman Farahani (Capital Markets and M&A).