NewsFrom the recent Swiss Resource Capital newsletter:
GoldMining to acquire Bellhaven! Heavy news on GoldMining Inc.! As the company recently reported, it is going to acquire Bellhaven Copper and Gold Inc.
Bellhavens flagship La Mina Project, one of the highest-grade gold porphyry projects in the Americas, is located southeast of GoldMinings Titiribi Project in the Mid Cauca Belt, which is seeing increased activity by companies such as Cordoba Minerals and HPX Exploration (San Matias), Continental Gold (Buritica), IAMGOLD and Gran Colombia (Zancudo), and AngloGold Ashanti and B2Gold (Nuevo Chaquiro).
Bellhaven published a pit-constrained resource at a 0.25 g/t gold cut-off for the Middle Zone and La Cantera deposits in October 2016 totaling 1.01 million ounces gold equivalent grading 1.12 g/t gold equivalent in the indicated category and 0.43 million ounces gold equivalent grading 1.07 g/t gold equivalent in the inferred category.
Bellhaven shareholders will receive 0.25 GoldMining shares for each Bellhaven share held, and overall the transaction represents approximately 6% dilution to GoldMining shareholders for a transaction value of $13.5 million based on GoldMinings share price as of the close on April 11, 2017.
After the completion of the transaction, GoldMining will control 11.4 Moz AuEq (measured and indicated) and 13.0 Moz AuEq (inferred) across its global portfolio.
Source: https://www.resource-capital.ch/en/infothek/newsletter-archiv.html