PROBF - Eldorado Gold buys 11.5% stake in Probe Metals for $23.7 million

Zhanna Hapanovich/iStock via Getty Images Before the acquisition, Eldorado Gold (EGO) did not own any Shares of Probe Metals (PROBF), and following such purchase, Eldorado owns 11.5% of the outstanding Shares of Probe. Eldorado Gold acquired 15,041,746 shares at $1.575 per share. The Company acquired the stake in a private transaction for investments. "EGO shareholders are understandably disappointed, but the stock price is now turning attractive below $10", writes Fun Trading in the latest article. Previously (July 13): Eldorado Gold's Q2 production in-line with guidance

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Eldorado Gold buys 11.5% stake in Probe Metals for $23.7 million