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Precious Metals & Minerals

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Impala Platinum Buys North American Palladium For C$1.01 Bln Cash

Monday, 7 Oct 2019

Oct 7 (Reuters) - Impala Platinum Holdings Ltd ::JSE: IMCB22 - IMP - CATEGORY 2 TRANSACTION ANNOUNCEMENT: ACQUISITION OF NORTH AMERICAN PALLADIUM LIMITED.IMPALA PLATINUM HOLDINGS LTD - PROPOSED DEAL FOR CASH CONSIDERATION OF C$1,008 MILLION.IMPALA PLATINUM - TOTAL OFFER CONSIDERATION COMPRISED OF OFFER PRICE OF C$19.74 PER SHARE IN CASH CONSIDERATION TO SHAREHOLDERS OTHER THAN BROOKFIELD.

Impala Platinum Buys North American Palladium For C$1.01 Bln Cash

Monday, 7 Oct 2019

Oct 7 (Reuters) - Impala Platinum Holdings Ltd ::IMPALA PLATINUM HOLDINGS LTD - ACQUISITION OF NORTH AMERICAN PALLADIUM LIMITED FOR CASH CONSIDERATION OF C$1,008 MILLION.IMPALA PLATINUM - TOTAL OFFER CONSIDERATION COMPRISED OF OFFER PRICE OF C$19.74 PER SHARE IN CASH CONSIDERATION TO SHAREHOLDERS OTHER THAN BROOKFIELD.IMPALA PLATINUM - DEAL ALSO COMPRISES OF C$16/SHARE IN CASH TO MAJORITY SHAREHOLDER OF NAP, AN AFFILIATE OF BROOKFIELD BUSINESS PARTNERS LP.IMPALA PLATINUM HOLDINGS LTD - TOTAL OFFER CONSIDERATION IMPLIES A BLENDED OFFER PRICE OF C$16.77 PER SHARE.IMPALA PLATINUM HOLDINGS LTD - ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE 100% OF OUTSTANDING SHARES IN NORTH AMERICAN PALLADIUM LIMITED.IMPALA PLATINUM - BOARD OF NAP RECEIVED FAIRNESS OPINION THAT AGGREGATE CONSIDERATION TO BE RECEIVED BY SHAREHOLDERS AS PER DEAL IS FAIR.IMPALA PLATINUM - DEAL WILL ALIGN IMPLATS' PRODUCTION MIX OUTPUT TO MORE CLOSELY MATCH EXPECTED COMPOSITION OF BOTH CURRENT AND FORECAST 3E DEMAND.IMPALA PLATINUM HOLDINGS LTD - TRANSACTION WILL ALSO INCREASE IMPLATS' PARTICIPATION IN GLOBAL PRIMARY PALLADIUM SUPPLY.IMPALA PLATINUM HOLDINGS LTD - DEAL EXPECTED TO BE STRONGLY VALUE ACCRETIVE TO SHAREHOLDERS ON BOTH SPOT AND MARKET CONSENSUS PRICES.IMPALA PLATINUM - INTENDS TO FINANCE DEAL USING EXISTING CASH OF US$288 MILLION, PROCEEDS RAISED FROM A METAL PREPAYMENT OF EXCESS INVENTORY.

Northam Platinum Buys R1 Bln Of Zambezi Preference Shares

Friday, 30 Aug 2019

Aug 30 (Reuters) - Northam Platinum Ltd ::ACQUISITION OF R1 BILLION OF ZAMBEZI PREFERENCE SHARES.PROPOSED DEAL FOR CONSIDERATION OF APPROXIMATELY R1.007 BILLION.WILL BUY 13.7 MILLION ZAMBEZI PREFERENCE SHARES FROM PIC AT A PRICE OF R73.50 PER ZAMBEZI PREFERENCE SHARE.

Matador Mining To Acquire Four Additional Mineral Licenses From Antler Gold Inc

Tuesday, 27 Aug 2019

Aug 28 (Reuters) - Matador Mining Ltd ::TO ACQUIRE FOUR ADDITIONAL MINERAL LICENSES FROM ANTLER GOLD INC.

Metalstech Enters Option Agreements To Acquire New Athona Cobalt Project And Bay Lake Cobalt Project

Tuesday, 9 Jul 2019

July 9 (Reuters) - Metalstech Ltd ::ENTERED INTO TWO OPTION AGREEMENTS TO ACQUIRE NEW ATHONA COBALT PROJECT AND BAY LAKE COBALT PROJECT, BOTH LOCATED IN ONTARIO, CANADA.

Fura Provides Update On Ruby Transaction In Mozambique

Saturday, 29 Jun 2019

June 28 (Reuters) - Fura Gems Inc ::ANNOUNCES EXTENSION OF DROP DEAD DATE FOR CLOSING OF MERGER OF RUBY ASSETS AGREEMENT DATED JULY 14, 2018, AS AMENDED.FURA PROVIDES UPDATE ON RUBY TRANSACTION IN MOZAMBIQUE.FURA GEMS -IN ACCORDANCE TO MRAA,ON JUNE 28, CO GAVE NEW ENERGY MINERALS WRITTEN NOTICE TO EXTEND DROP-DEAD DATE OF MRAA FROM JUNE 30 TO JULY 31, 2019.

Pan American To Acquire Canasil's Interest In The Sandra-Escobar Project

Friday, 28 Jun 2019

June 28 (Reuters) - Canasil Resources Inc ::CANASIL SIGNS DEFINITIVE AGREEMENT PROVIDING FOR PAN AMERICAN TO ACQUIRE CANASIL'S INTEREST IN THE SANDRA-ESCOBAR PROJECT AND CLOSES TRANSACTION FOR CDN $2 MILLION AND 2% NSR INTEREST.CANASIL RESOURCES INC - PAN AMERICAN RETAINS RIGHT TO REDUCE NSR ROYALTY INTEREST TO 1% AT ANY TIME BY PAYING COMPANY CDN $4 MILLION.

Fura Provides Update On Ruby Transaction In Mozambique

Thursday, 30 May 2019

May 29 (Reuters) - Fura Gems Inc ::FURA PROVIDES UPDATE ON RUBY TRANSACTION IN MOZAMBIQUE.ANNOUNCES EXTENSION OF DROP DEAD DATE FOR CLOSING OF MERGER OF RUBY ASSETS AGREEMENT DATED JULY 14, 2018.ON MAY 28, 2019, CO GAVE NEW ENERGY MINERALS LTD WRITTEN NOTICE TO EXTEND DROP-DEAD DATE OF MRAA FROM MAY 31, 2019 TO JUNE 30, 2019.

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