Gran Colombia offers $252m in friendly, all-share offer for Gold X
Potential pit area at Toroparu gold project in Guyana. Image from Gold X.
Gran Colombia Gold (TSX: GCM) is acquiring Gold X Mining (TSXV: GLDX) in an all-share deal valued at C$315 million ($252.5 million), after a three-way merger proposal that included Guyana Goldfields was scuttled last year by China’s Zijin Mining.
The combination of assets – Gran Colombia’s producing Segovia operations and Gold X’s Toroparu advanced gold project in Guyana – would create a new “Latin American-focused growth platform.”
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