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Stock Market & Financial Investment News

News Breaks
December 17, 2013
06:36 EDTAKGAsanko Gold to acquire PMI
Asanko Gold and PMI Gold announce that they have entered into a definitive agreement whereby Asanko will acquire all of the common shares of PMI to create an emerging mid-tier gold producer with a clear pathway to 400,000 ounces of annual gold production. Under the terms of the Business Combination, which will be effected by means of a statutory plan of arrangement by PMI under the Business Corporations Act, each PMI shareholder will receive 0.21 Asanko common shares for each PMI common share. This values each PMI share at C$0.44representing a premium of 79% to the 20-day volume weighted average share prices of the PMI common shares on the TSX as of December 16. Following the completion of the Business Combination, PMI and Asanko shareholders will hold approximately 50% each of the combined company.
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April 8, 2014
07:01 EDTAKGAsanko Gold commences early works construction activities
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