Argonaut and Alio receive Mexico takeover approval
TSX-listed mining companies Argonaut Gold and Alio Gold have received a clearance decision from the Comisión Federal de Competencia Económica (Cofece) with respect to the pending merger between the companies.
Cofece approval was the final government agency approval required before completing the merger, which is anticipated to occur between June 29 and July 3.
Argonaut’s primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico and the La Colorada mine in Sonora, Mexico.
Its advanced exploration projects include the Cerro del Gallo project in Guanajuato, Mexico and the Magino project in Ontario, Canada.
Alio Gold’s cornerstone asset is the 100% owned Florida Canyon mine in Nevada, US. The company also owns the development stage Ana Paula project in Guerrero, Mexico.
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