Columbus Gold Corp CGTFF

RE:Six Mining Companies to Watch as M&A Heats Up

[tigris72poo]

Agree...NORD did the same thing with NorthQuestlast month



Nordgold announces expiry of offer to Northquest (NQ.CN) shareholders 
Thursday, June 30, 2016 12:00:52 PM (GMT)

• Nord Gold announces that its offer to purchase all of the common shares of Northquest Ltd. it does not already own expired at 5:00 P.M. (Toronto time) on 29-Jun-16. Since Nordgold's initial take up of Northquest Shares on 15-Jun-16, 1,053,112 additional Northquest Shares have been deposited to the Offer as of 5:00 P.M. (Toronto time) on 29-Jun-16
• These Northquest Shares have been taken up under the Offer and will be paid for in accordance with the terms of the Offer. With the acquisition of these Northquest Shares, Nordgold will have acquired an aggregate of 53,214,853 Northquest Shares pursuant to the Offer, representing approximately 95.16% of the Northquest Shares not already owned by Nordgold as of the commencement of the Offer, and will own 108,789,852 Northquest Shares in the aggregate, representing approximately 97.57% of the issued and outstanding Northquest Shares.
• Under the terms of the Offer, Northquest shareholders who tendered their Northquest Shares to the Offer will receive CAD $0.26 in cash for each Northquest Share tendered in accordance with the terms of the Offer.
• As further described in the Offer circular (as amended), Nordgold intends to carry out a compulsory acquisition or subsequent acquisition transaction to acquire Northquest Shares not deposited under the Offer. With the acquisition of the Northquest Shares taken-up to date under the Offer, Nordgold is in a position to ensure a successful outcome of any shareholder vote in respect of a subsequent acquisition transaction