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Gold One receives payment for BCX buy-out

Gold One receives payment for BCX buy-out

Photo by Bloomberg

24th January 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Gold One has received payment from majority shareholder BCX Gold, after the China-based consortium last year announced its intention to buy the remaining 10% of Gold One shares that it did not already own for A$0.30 a share.

As a result of the acquisition by the consortium, which comprised CITIC Group subsidiary Baiyin Non-Ferrous Group, China Development Bank’s China-Africa Development Fund and Long March Capital Group, Gold One would be delisted from both the ASX and the Johannesburg bourse on January 30.

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Edited by Tracy Klückow
Creamer Media Contributing Editor

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