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Could be a bigger premium ………… My Sweetie will make some scratch on this

Posted by ipso facto @ 9:30 on December 2, 2019  

China’s Zijin Mining to buy Canada’s Continental Gold for about $1 bln

BEIJING, Dec 2 (Reuters) – Zijin Mining Group Co Ltd , one of China’s biggest gold miners, has agreed to buy Canadian miner Continental Gold Inc for C$1.33 billion ($999.92 million), saying the purchase would increase its gold reserves and boost cash flow as well as profit.

Zijin will pay C$5.50 per share in cash for Continental, a premium of about 13% to the Canadian company’s closing price on Friday, as it aims to secure Continental Gold’s flagship Buritic√° gold project, the Chinese company said in a filing to the Shanghai Stock Exchange.

more https://finance.yahoo.com/news/1-chinas-zijin-mining-buy-125112779.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.