BRIEF-Mudrick Capital Acquisition Corp To Combine With Hycroft Mining Corp

Jan 14 (Reuters) - Mudrick Capital Acquisition Corporation  :
   * MUDRICK CAPITAL ACQUISITION CORPORATION TO COMBINE WITH HYCROFT MINING CORPORATION
   * MUDRICK CAPITAL ACQUISITION CORPORATION - MUDS WILL HAVE AT LEAST $50.0 MILLION OF UNRESTRICTED AND AVAILABLE CASH ON HAND AT CLOSING
   * MUDRICK CAPITAL ACQUISITION - FOLLOWING CLOSING , HYCROFT WILL BE LISTED ON NASDAQ STOCK EXCHANGE UNDER TICKER SYMBOL "HYMC."
   * MUDRICK CAPITAL ACQUISITION - HYCROFT WILL SELL ALL OF EQUITY INTERESTS OF HYCROFT'S SUBSIDIARIES AND SUBSTANTIALLY ALL OF ITS OTHER ASSETS TO MUDS
   * MUDRICK CAPITAL ACQUISITION CORPORATION - TRANSACTION IS EXPECTED TO YIELD AN ENTERPRISE VALUE OF MUDS FOLLOWING TRANSACTION OF ABOUT $537 MILLION
   * MUDRICK CAPITAL ACQUISITION CORPORATION - BOARDS OF DIRECTORS OF MUDS AND HYCROFT HAVE APPROVED TRANSACTION
   * MUDRICK CAPITAL - ASSUMING NO REDEMPTIONS BY MUDS STOCKHOLDERS, CURRENT MUDS STOCKHOLDERS TO OWN ABOUT 41% OF MUDS IMMEDIATELY FOLLOWING TRANSACTION
   * MUDRICK CAPITAL ACQUISITION - TRANSACTION WILL BE FUNDED THROUGH STOCK CONSIDERATION, CASH AND STOCK TO REPAY CERTAIN HYCROFT INDEBTEDNESS
   * MUDRICK CAPITAL ACQUISITION CORPORATION - BOARDS OF DIRECTORS OF MUDS AND HYCROFT RECOMMEND THAT THEIR RESPECTIVE STOCKHOLDERS APPROVE TRANSACTION.

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