https://www.engineeringnews.co.za

Leagold gets antitrust thumbs up to acquire Brio Gold

17th May 2018

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – Gold miner Leagold Mining said on Wednesday it has received clearance from the Mexican Competition Commission to proceed with the proposed $264-million all-scrip deal to acquire Brio Gold.

The clearance decision from the Comisión Federal de Competencia Económica was the last government agency approval required before completing the acquisition, which is expected to occur by May 24.

Under the terms of the deal, Brio shareholders will receive 0.922 of a Leagold share for each share held, at an implied price of C$2.80 per Brio share – a premium of 57% based on both companies' five-day weighted average share prices on the TSX at market close on January 24, when the deal was first announced.

Yamana Gold had in December completed the spin-out of Brio, forming a standalone public company focused on a portfolio of noncore assets in Latin America and Canada as it honed operations at its core assets. The transferred assets included Fazenda Brasileiro, Pilar and C1 Santa Luz, as well as some related exploration concessions.

Edited by Creamer Media Reporter

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.243 0.291s - 156pq - 2rq
Subscribe Now