Allied Gold Terminates Merger Agreement With Zijin Gold Parties Conclude There's No Reasonable Likelihood Of Completion; Zijin To Purchase ~12.8M AAUC Shares At C$32.55 Per Share
Allied Gold Corporation (TSX:AAUC, NYSE:AAUC) ("Allied" or the "Company") announces that the previously announced arrangement agreement between the Company and Zijin Gold International Company Ltd.
Allied Gold stopped its plan to merge with Zijin Gold because they decided it wouldn't work out. Instead, Zijin is buying a big chunk of Allied's shares at a set price, which gives Allied money but means Zijin will own a larger part of the company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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