42
Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
AngloGold Ashanti plc has signed a definitive agreement to acquire all issued and outstanding shares of Augusta Gold Corp. in a cash transaction valued at approximately C$152 million ($111 million), marking a strategic move to consolidate its presence in the Beatty District of Nevada.
The deal, announced on Tuesday, July 16, will see AngloGold Ashanti pay C$1.70 per share for Augusta Gold, representing a 28% premium to the stock’s closing price on the Toronto Stock Exchange (TSX) on Monday and a 37% premium to the 20-day volume-weighted average share price prior to the announcement.
Source: newsthemegh.com