Tag: Mergers and Acquisitions
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Chifeng Jilong Gold to acquire Golden Star for US$470 Million
Ghana-focused miner Golden Star Resources says China’s Chifeng Jilong Gold Mining has agreed to purchase all of the company’s shares for a total of $470 million in cash. The Transaction will be consummated through Chifeng’s majority-controlled subsidiary, Chijin International (Hong Kong) Limited. In a statement, Golden Star CEO Andrew Wray said the deal would help…