Quinto Resources has entered a letter of intent (LoI) to acquire Conga Mining for approximately C$3.4m ($2.66m).
Quinto has agreed to issue an aggregate of 40 million common shares to Conga Mining in three phases, as part of the transaction.
The acquirer is engaged in gold exploration, while Conga Mining holds the right to acquire the Combia project.
Both companies are based in Canada.
Cameo Resources has reached an agreement with Labrador Cobalt to acquire 100% of the issued shares of the latter.
Cameo has made an initial payment of C$0.04m ($0.03m) upon signing the agreement and will issue 500,000 common shares upon completion of the transaction.
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By GlobalData
Cameo is engaged in the acquisition, exploration and development of precious metal mineral properties, while the target company is engaged in cobalt exploration and production.
Both the companies involved in the transaction are based in Canada.
“Cameo has made an initial payment of C$0.04m ($0.03m) upon signing the agreement and will issue 500,000 common shares upon completion of the transaction.”
Kirkland Lake Gold has entered a share purchase agreement with Novo Resources (formerly Galliard Resources) to acquire an additional 2.35% stake in the latter for C$20m ($13.07m).
The acquisition involves purchase of four million common shares priced at C$5 ($3.26) a share.
Kirkland Lake Gold will hold 29.83 million shares and 14 million warrants of Novo, equivalent to approximately 18.86% of the outstanding common shares and 25.46% of the outstanding shares, following the transaction.
The acquirer company is engaged in gold mining, while the target company is engaged in exploring and developing gold projects.
The companies involved are based in Canada.
Hezhang County Hongyi Construction Engineering has signed a share transfer agreement with Lavender Row and Moonfun Miracle to acquire a 22% stake in China Unienergy Group for HK$1.38bn ($175.92m).
Hezhang County Hongyi Construction will purchase 157 million ordinary shares of China Unienergy Group, as part of the acquisition.
The target company is an investment holding company principally engaged in extraction and sale of anthracite coal.
All the companies involved in the acquisition are based in China.
Metalla Royalty and Streaming (formerly Excalibur Resources) has entered a definitive agreement with ValGold Resources to acquire a 100% stake in the latter for approximately C$7.2m ($5.57m).
The company has agreed to issue approximately 9.5 million common shares to ValGold shareholders and option holders.
The ValGold share and option holders will hold approximately 11.2% of the issued and outstanding common shares of Metalla, following the transaction.
The acquirer company is a precious metals royalty and streaming company, while the target company is an explorer and developer of mineral properties.
Both ValGold Resources and Metalla Royalty and Streaming are based in Canada.
