Shanta Gold Set to Complete Acquisition of Kenyan Miner from Barrick
August 19 2020 - 4:04AM
Dow Jones News
By Anthony O. Goriainoff
Shanta Gold Ltd. said it expects to complete the acquisition of
Acacia Exploration Ltd. from Barrick Gold Corp on Wednesday.
The London-listed, East Africa-focused gold producer said that
closing of the transaction is conditional on admission to AIM of
54.7 million consideration shares.
The company said in February it was acquiring Acacia
Exploration, a Kenya-based company that has a 100% participating
interest in licenses held by AfriOre Ltd., which includes an
existing high-grade resource.
The company said at the time that Barrick Gold would become its
fifth largest shareholder with a 6.4% interest.
Shares at 0730 GMT were down 0.37 pence, or 2.2%, at 16.88
pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
August 19, 2020 03:49 ET (07:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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