Metallica Resources, New Gold and Peak Gold Announce Signing of Definitive Agreement for US$1.6 Billion Business Combination "Metallica Resources Inc. ("Metallica Resources") (TSX - MR and AMEX - MRB), New Gold Inc. ("New Gold") (TSX and AMEX - NGD) and Peak Gold Ltd. ("Peak Gold") (TSXV - PIK) are pleased to announce that they have signed a definitive agreement in connection with the previously announced business combination (the "Transaction")." More | May 12
Frontier Pacific Responds to Unsolicited Takeover Bid and Recommends to Shareholders NO ACTION BE TAKEN: Financial News - Yahoo! Finance "The board of directors will issue a response in which the board will provide its recommendation to shareholders regarding the Eldorado bid. Frontier Pacific shareholders are urged NOT TO TAKE ANY ACTION in relation to the Eldorado offer until the board has had the opportunity to fully evaluate the offer." More | May 09
Eldorado Mails Offer to Frontier Pacific Shareholders "Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado", the "Company" or "we") (Toronto:ELD.TO - News)(AMEX:EGO - News) announced today that Eldorado has filed its formal offer to acquire all of the outstanding shares of Frontier Pacific Mining Corporation (CDNX:FRP.V - News) ("Frontier Pacific") with Canadian securities regulators and a registration statement with the U.S. Securities and Exchange Commission and has commenced the mailing of its offer and related documents to Frontier Pacific shareholders." More | May 09
Equigold and Lihir Gold Proposed Merger Scheme Meeting to Be Held on 30 May 2008 "Lihir Gold Ltd (TSX:LGG - News; ASX:LGL - News; NASDAQ:LIHR - News; "LGL" or "Lihir") and Equigold NL ("Equigold") (ASX:EQI - News) are pleased to announce that the Federal Court of Australia today has made orders convening a meeting of Equigold shareholders (Scheme Meeting) to consider the Scheme of Arrangement (Scheme) for the company's proposed merger with Lihir Gold Limited that was announced on 20 March 2008." More | April 23
Eldorado Announces Offer for Frontier Pacific Mining Corporation "Eldorado Gold Corporation (Toronto:ELD.TO - News)(AMEX:EGO - News) announced today that it intends to make an offer to acquire all of the outstanding shares of Frontier Pacific Mining Corporation (CDNX:FRP.V - News). Frontier Pacific owns the Perama Hill gold project in Northeastern Greece. " More | April 21
First Quantum to Acquire Scandinavian Minerals "First Quantum Minerals Ltd. ("First Quantum") (Toronto:FM.TO - News)(LSE:FQM.L - News) and Scandinavian Minerals Limited ("Scandinavian Minerals") (Toronto:SGL.TO - News)(Frankfurt:W3M.F - News) today announced that they have entered into a definitive agreement pursuant to which a wholly-owned subsidiary of First Quantum will acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Scandinavian Minerals on the basis of Cdn.$9.00 in cash plus 0.01 common shares of First Quantum for each common share of Scandinavian Minerals." More | April 21
Teck to buy Global Copper for rich Chile deposit "Teck Cominco Ltd (TCKb.TO: Quote, Profile, Research) will buy Global Copper Corp (GLQ.TO: Quote, Profile, Research) in order to obtain the coveted Relincho copper-molybdenum deposit in Chile, and will spin off the rest of the junior miner as a new company, the two Canadian firms said on Monday." More | April 14
Lihir Gold Ltd (LGL) & Equigold: Update on Merger Process "Lihir Gold Ltd (Toronto:LGG.TO - News)(NasdaqGS:LIHR - News)(ASX:LGL.AX - News) ("LGL") and Equigold NL ("Equigold") (ASX:EQI.AX - News) are pleased to provide an update on the progress of their proposed merger via a scheme of arrangement (Scheme)." More | April 10
Great Basin Gold Completes Rusaf Acquisition "Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (Toronto:GBG.TO - News)(AMEX:GBN - News)(JSE: GBG) announces that the agreement it entered into on February 14, 2008 to acquire the remaining 63% of the fully diluted equity shares of Rusaf Gold Limited ("Rusaf"), for a total consideration of $14.4 million payable in approximately 4.9 million Great Basin Gold common shares ("the acquisition"), has been successfully closed. The exchange ratio for the acquisition was one Great Basin Gold share for every 4.5 Rusaf shares." More | April 07
Metallica Resources, New Gold and Peak Gold Announce Proposed US$1.6 Billion Business Combination to Create a New Intermediate Gold Company "Metallica Resources Inc. ("Metallica Resources") (Toronto:MR.TO - News) (AMEX:MRB - News), New Gold Inc. ("New Gold") (Toronto:NGD.TO - News) (AMEX:NGD - News), and Peak Gold Ltd. ("Peak Gold") (CDNX:PIK.V - News) are pleased to announce they have signed a letter agreement to complete a business combination (the "Transaction"), creating a new globally diversified intermediate gold company with a market capitalization of approximately US$1.6 billion." More | March 31
Barrick Gold: Notice to Holders of Placer Dome 2.75% Convertible Senior Debentures "Barrick Gold Corporation (NYSE:ABX - News)(Toronto:ABX.TO - News) announced today that, pursuant to the terms of Placer Dome 2.75% Convertible Senior Debentures due 2023 (the "Debentures"), upon compliance with the terms and conditions of the Debentures, the Debentures may be surrendered for conversion until and including June 30, 2008 at a conversion rate of 39.9859 Common Shares per US$1,000.00 principal amount of Debentures." More | March 20
Lihir Gold Ltd (LGL) and Equigold to Merge "Lihir Gold Ltd (Toronto:LGG.TO - News)(NasdaqGS:LIHR - News)(ASX:LGL.AX - News) ("LGL") and Equigold NL ("Equigold") (ASX:EQI.AX - News) are pleased to report that the companies are to merge their businesses, creating a global pure gold company with a diversified portfolio of high quality operations, a strong financial base and an exceptional growth profile." More | March 19
Atna and Canyon Announce Closing of Merger "Atna Resources Ltd. ("Atna") (TSX:ATN - News) and Canyon Resources Corporation ("Canyon") (AMEX:CAU - News) today announced the closing of the merger as of March 18, 2008 pursuant to the Agreement and Plan of Merger dated November 16, 2007. Atna has acquired all of Canyon's issued and outstanding shares of common stock, warrants and debentures. Canyon is now a wholly owned U.S. subsidiary of Atna." More | March 19
Newmont Completes Acquisition of Miramar "Newmont Mining Corporation (NYSE: NEM - News) announced today that Newmont Mining B.C. Limited, an indirect wholly-owned subsidiary of Newmont, has completed the compulsory acquisition procedures under the Business Corporations Act (British Columbia) in respect of the common shares of Miramar Mining Corporation (TSX: MAE, Amex: MNG)." More | March 17
Arizona Star to Deregister From U.S. SEC and to Terminate Its U.S. Reporting Obligations "The delisting and deregistration of the Company's common shares from the AMEX and the termination of the U.S. reporting obligations result from the successful completion of the tender offer and subsequent compulsory acquisition by Barrick Gold Corporation ("Barrick") for all of the issued and outstanding common shares of the Company. As the Company has become a wholly-owned subsidiary of Barrick, there is no required liquidity for its common shares to be listed on the AMEX." More | March 14
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Mergers & Acquisitions
Saturday, March 25th: Bob Chapman, International Forecaster 