Gran Colombia offers $315M in friendly, all-share offer for Gold X - Canadian Mining Journal
Gran Colombia Gold (TSX: GCM) is acquiring Gold X Mining (TSXV: GLDX) in an all-share deal valued at $315 million, after a three-way merger proposal that included Guyana Goldfields was scuttled last year by The combination of assets – Gran Colombia’s producing Segovia operations and Gold X’s Toroparu advanced gold project in Guyana – would create a new “Latin American-focused growth platform.” Highlights of the transaction include an enhanced balance sheet and access to capital (the combined company would have $100 million in cash), and greater market visibility and interest. ...