Canada clears Endeavour's Semafo transaction
Canada has cleared Toronto-listed gold miners Semafo and Endeavour Mining’s proposed merger, paving the way for the transaction to be completed on July 1.
Canada has decided not to order a national security review of Endeavour’s acquisition of Semfo under the Investment Canada Act (ICA).
This represents the conclusion of the previously announced assessment period under the Investment Canada Act, and means that all required regulatory approvals for the transaction have been received.
Endeavour last month received a notice from the director of investments in the die ICA, indicating that the Minister for Innovation, Science and Economic Development was considering whether to order a national security review of the transaction.
Semafo shareholders will receive 0.1422 Endeavour shares for every Semafo common share owned.
The merger will consolidate Semafo and Endeavour’s respective mines in the Houndé belt, in Burkina Faso, to create a world-class mining district. The combined entity will have four cornerstone mines, totalling production of more than 800 000 oz/y, and increased capital allocation efficiency.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation