Allied Gold, Zijin Gold terminate take-or-pay acquisition agreement

AAUC Allied Gold Corp

$19.70 -0.66%

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1. 1Allied Gold confirmed the termination of its acquisition agreement with Zijin Gold, a wholly-owned subsidiary of Zijin Mining.
2. 2The deal to acquire all issued shares for C$5.5 billion ($4.01 billion) fell through after conditions could not be met by the July 29 deadline.
3. 3Instead, Zijin Gold will make a strategic investment by purchasing 12.8 million shares for approximately 1.99 billion yuan, securing a roughly 9.2% stake.

Source Bloomberg +1 · View original ↗

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