Gold – Foundation Resources (TSXV:FDN) and Sheltered Oak Resources (TSXV:OAK) announced the approval of the acquisition of Oak by Foundation via a three cornered amalgamation.
Articles Tagged "Acquisition"
Oil – Celtic Exploration Ltd. (TSX:CLT) announced that Canada's minister of industry has approved the acquisition of Celtic by an ExxonMobil Canada subsidiary. No other regulatory approvals remain.
Uranium – Denison Mines Corp. (TSX:DML,AMEX:DNN) announced that it will acquire Fission Energy Corp. (TSXV:FIS), whose assets include a 60-percent interest in the Waterbury Lake uranium project and interests in two Namibian joint ventures. As a condition of the acquisition, a select number of Fission's assets will be spun out into a new company; this new company's assets will include a 50-percent interest in the Athabasca Basin-based Patterson Lake South property.
Uranium – Uranium One Inc. (TSX:UUU) announced that it has agreed to sell itself to JSC Atomredmetzoloto (ARMZ) and Effective Energy NV, its affiliate, for C$2.86 per share, which amounts to a total of C$1.3 billion. ARMZ already owns 51.4 percent of Uranium One's common shares.
Diamond – Harry Winston Diamond Corp. (TSX:HW,NYSE:HWD) announced that it has agreed to sell Harry Winston Inc., its diamond jewelry and timepiece component, to The Swatch Group Ltd. for US$750 million. The Swatch Group will also take on up to US$250 million of pro forma debt.
Gold – Alamos Gold Inc. (TSX:AGI) announced that it has put forward an offer to acquire all of Aurizon Mines Ltd.'s (TSX:ARZ,AMEX:AZK) outstanding shares for about C$780 million in cash and stock. The offer values Aurizon at $4.65 per share and will remain open until February 19, 2013 at 5:00 p.m. EST.
Vanadium – Largo Resources (TSXV:LGO) announced the completion of the acquisition in its Maracas vanadium project in Brazil. Largo now owns 100% interest in its flagship property.
Copper – Freeport-McMoRan’s plan to buy Plains Exploration & Production, as well as its former sister firm, McMoRan Exploration, wasn’t likely to get shareholder praise as it adds $20 billion to the company's debt and is comprised of hard-to-swallow premiums. Added to these factors is the web of connections between the firms: history, ownership, board members and executive gains related to the deal. If the company had struck a sweeter deal, investors might have looked the other way at corporate impropriety. Instead, they may be irate enough to try stopping it.
Gold – Nordgold NV (LSE:NORD) announced that it acquired 77,776,721 shares of High River Gold Mines Ltd. (TSX:HRG), brining the total number of High River shares it owns up to 822,667,242. That amounts to about 97.9 percent of High River's issued and outstanding shares.
Lithium – Most in the lithium industry had accepted the idea that Rockwood's all-cash bid for Talison Lithium would stick — but earlier this week, Chengdu Tianqi Industry Group of China submitted what may be a superior bid.