ISS Recommends Eldorado Gold Shareholders Approve Foran Mining Deal

Key Facts

1Proxy advisory firm ISS recommended shareholders vote FOR the issuance of Eldorado shares to complete the arrangement with Foran Mining.

2The arrangement involves a plan of arrangement between Eldorado Gold, Foran Mining, and Foran's securityholders.

3Eldorado Gold is listed on the TSX (ELD) and NYSE American (EGO).

Institutional Shareholder Services (ISS), a leading proxy advisory firm, has recommended that Eldorado Gold shareholders vote in favor of the proposed arrangement with Foran Mining. The recommendation specifically supports the issuance of Eldorado shares necessary to complete the transaction between the two mining companies. This endorsement is a critical milestone in the merger process, as it significantly reduces execution risk and increases the likelihood of securing shareholder approval. The plan of arrangement involves Eldorado Gold, Foran Mining, and Foran's securityholders, aiming to create a combined entity with enhanced mining assets. Eldorado Gold currently maintains listings on both the Toronto Stock Exchange (TSX: ELD) and the NYSE American (EGO). The positive stance from ISS is expected to influence institutional investors ahead of the upcoming shareholder vote.