Montage Gold Completes Its C$410.7-Million Acquisition of African Gold

-- Montage Gold (MAU.TO) on Wednesday said it closed it C$410.7-million acquisition of African Gold, adding the resource-stage Didievi project, in Cote d'Ivoire, to its portfolio.

African Gold is now a wholly-owned unit of Montage. Eligible African Gold shareholders have now been issued 0.0628 Montage shares for each African Gold share, it added.

Shares that ineligible African Gold shareholders would have otherwise been entitled to receive have been issued to a nominee who has been appointed to sell those Montage shares on the Toronto Stock Exchange so that proceeds of sale can be distributed to the ineligible shareholders.

Montage issued a total 29.96-million shares in the deal.

Shares of the company were last seen down $0.47 $13.24 on the TSX.

Price: $13.25, Change: $-0.46, Percent Change: -3.36%

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Montage Gold Completes Its C$410.7-Million Acquisition of African Gold

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