JOHANNESBURG (miningweekly.com) – ASX-listed Viking Mines said on Monday it was proceeding with the compulsory acquisition of the remaining shares in Auminco, after its offer received “overwhelming support”.
By the time the takeover bid for the Mongolia-focused company closed on Friday, Viking had acceptances in respect of 97.93% of the shares.
Viking offered 61.2 of its own shares, and 20.4 of its options, for every 100 Auminco shares.