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Canada approves takeover of Continental by Zijin

27th February 2020

By: Creamer Media Reporter

     

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The takeover of TSX-listed Continental Gold by China’s Zijin Mining Group is expected to close in the next ten days, after the companies gained the final regulatory approvals for the C$1.3-billion transaction.

Zijin has received the Canadian Investment Canada Act approval, as well as all three of the required regulatory approvals from China.

Through the deal, State-backed Zijin is securing Continental’s flagship Buritica gold project, in Colombia.

Following closing of the transaction, Continental’s common shares will be delisted from the TSX.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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