https://newsletter.mw.creamermedia.com

Leagold gets antitrust thumbs up to acquire Brio Gold

17th May 2018

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – Gold miner Leagold Mining said on Wednesday it has received clearance from the Mexican Competition Commission to proceed with the proposed $264-million all-scrip deal to acquire Brio Gold.

The clearance decision from the Comisión Federal de Competencia Económica was the last government agency approval required before completing the acquisition, which is expected to occur by May 24.

Under the terms of the deal, Brio shareholders will receive 0.922 of a Leagold share for each share held, at an implied price of C$2.80 per Brio share – a premium of 57% based on both companies' five-day weighted average share prices on the TSX at market close on January 24, when the deal was first announced.

Yamana Gold had in December completed the spin-out of Brio, forming a standalone public company focused on a portfolio of noncore assets in Latin America and Canada as it honed operations at its core assets. The transferred assets included Fazenda Brasileiro, Pilar and C1 Santa Luz, as well as some related exploration concessions.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 
Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Platinum, Lion ferrochrome smelter make headlines
Platinum, Lion ferrochrome smelter make headlines
Updated 7 hours ago
Magazine round up | 05 December 2025
Magazine round up | 05 December 2025
5th December 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.163 0.241s - 143pq - 2rq
Subscribe Now