Dec. 17, 2013, 8:27 AM
- Asanko Gold (AKG) agrees to acquire PMI Gold (PMVGF) in an all-stock transaction valued at ~C$183M, to create an emerging mid-tier gold producer with a pathway to 400K oz. of annual gold production.
- A highlight of the deal will be the combination of the neighboring Esaase and Obotan gold projects in Ghana, with a combined resource base of 7.5M oz. measured and indicated resources and an additional 2.9M oz. inferred resources, of which 4.8M oz. are proven and probable mineral reserves.
- A merger attempt last year by the two Ghana miners was dropped when it appeared the deal wouldn't get enough support from PMI shareholders.
Feb. 19, 2013, 9:29 AMKeegan Resources (KGN) and PMI Gold (PMVGF.PK) agree to terminate their merger plans, saying it was unlikely PMI’s shareholders would approve transactions related to the arrangement. The companies say the termination was not caused by "any differences between the respective boards about valuation issues or on account of any new facts having come to their attention." | Comment!
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