SEMAFO: Early Warning News Release
Montreal, Quebec, April 30, 2019 /CNW/ – SEMAFO Inc. (TSX, OMX: SMF) (“SEMAFO”) reports that it has acquired Savary Gold Corp. (“Savary”) by way of a three-cornered amalgamation (the “Transaction”). Under the terms of the Transaction, Savary shareholders received 0.0336 SEMAFO common shares for each Savary common share (each a “Savary Share”). Immediately before the Transaction, SEMAFO owned 39,533,333 Savary Shares through a wholly owned subsidiary, representing approximately 15.4% of the issued and outstanding Savary Shares on a non-diluted basis. SEMAFO also owned through a wholly-