Roxmore signs agreement to sell Converse to SSR and spin out other assets
The proposed transaction would transfer Nevada’s Converse project to SSR while moving other exploration assets into a separate company.
Event / data period:
Published: · Updated:
Roxmore Resources said on October 13 that it had signed a definitive arrangement agreement with SSR Mining. The proposal transfers the Converse gold project in Nevada to SSR and places other exploration assets, including Rattlesnake Hills, Newton and Shabu River, into a new Spinco.
The stated total transaction value is approximately C$712 million on a fully diluted basis: C$663 million in cash plus an implied C$49 million value for Spinco shares. Roxmore shareholders are proposed to receive C$6.75 cash and 0.33 Spinco shares per share. The arrangement has not closed and remains subject to court, shareholder and regulatory approvals and other conditions.
Data
Announced total transaction value
Fully diluted total value stated for the proposed Converse sale and Spinco distribution.
- Proposed transaction value
- ≈712 million CAD
- 2026-10-13 · Estimate
Methodology
Approximate amount stated by the company in its transaction announcement. The agreement is signed but the transaction has not closed and requires approvals.
Updated:
Announced total transaction value
Fully diluted total value stated for the proposed Converse sale and Spinco distribution.
- · Occurred
Arrangement agreement signed
Proposed Converse sale to SSR and transfer of other assets to Spinco announced; closing remains conditional.
Methodology
Approximate amount stated by the company in its transaction announcement. The agreement is signed but the transaction has not closed and requires approvals.
Updated:
Subjects and places
Subject proposals
- Business enterpriseSuggested
- Preserved editorial category/topic; broad candidate onlywww.newsfilecorp.com ↗
Geographic references
Only source-provided geographic references are shown. Opening an external map is optional. Optional story maps use OpenStreetMap. Opening a map sends your IP address and this site’s address to the map provider; location data remains readable as text without loading the map.
- United States · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.newsfilecorp.com ↗