Yamana Gold Inc. – Secondary Offering of Brio Gold Inc.
TORONTO, Nov. 21, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Yamana Gold Inc. (TSX:YRI) has announced the details of a secondary offering of shares of Brio Gold Inc. to Yamana shareholders via purchase rights. One purchase right will be received for every 16 shares of Yamana held. Each right enables the holder to acquire 1 share of Brio Gold Inc.
The ex-date for the distribution of the purchase rights is November 23, 2016. The rights will be listed for trading on TSX under the ticker symbol YRI.RT at the open on that date.
Distributed rights will be added to all S&P/TSX indices where Yamana Gold is a constituent at zero price at the open on Wednesday, November 23, 2016. The rights will be removed from all those same indices at the close on the same day at the close price on TSX. Note that the rights will not be part of the TSX's MOC facility.
About S&P Dow Jones Indices
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices
For further information: Tony North, Director, Canadian Index Operations, S&P Dow Jones Indices, (+) 416 507 3204, email@example.com; David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices, (+) 212 438 3907, firstname.lastname@example.org