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QuestEx Gold & Copper Congratulates Newmont, and our Exploration Neighbour, GT Gold, on the Announcement of an All-Cash Transaction Valuing GT Gold at C$456 Million

QuestEx Gold & Copper Congratulates Newmont, and our Exploration Neighbour, GT Gold, on the Announcement of an All-Cash Transaction Valuing GT Gold at C$456 Million
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Newcrest Mining Limited ,

Newmont To Acquire GT Gold And Tatogga Project


Newmont To Acquire GT Gold And Tatogga Project
WASHINGTON (dpa-AFX) - Newmont Corp. (NEM, NGT.TO) and GT Gold Corp. (GTT.V) have entered into a binding agreement, according to which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration of approximately C$393.0 million.
GT Gold is engaged in advancing its wholly-owned, 47,500 hectare Tatogga property, located near Iskut, British Columbia. To date, GT Gold has made two significant discoveries on the Tatogga property.
We are excited to expand our world-class portfolio to include the Tatogga project in the Tahltan Territory located in the highly sought-after Golden Triangle district of British Columbia, Canada, said Newmont CEO Tom Palmer. ....

British Columbia , United Kingdom , United States , Tom Palmer , Newmont Corp , Gt Gold Corp , Tahltan Territory , Golden Triangle , பிரிட்டிஷ் கொலம்பியா , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது மாநிலங்களில் , டோம் பாமர் , நியூமாண்ட் கார்ப் , க்ட் தங்கம் கார்ப் , தஹல்தான் பிரதேசம் , தங்கம் முக்கோணம் ,

Newmont : strikes $393-million deal to buy B.C. mining explorer GT Gold Corp.


CALGARY International gold producer
Newmont Corp. says it has struck a deal to take over the junior Canadian miner developing the Tatogga gold-copper discoveries in
the Golden Triangle region of northwest B.C.
The
Denver-based miner says it has agreed to buy the 85.1 per cent of the shares in
GT Gold Corp. it doesn t already own for
$3.25 each or about
Shares in
GT Gold rose to nearly match the offer price, jumping by as much as 60 per cent to
$3.22 from Tuesday s close of
$2.01 on the
Newmont CEO
Tom Palmer says the company is committed to maintaining relationships with the Tahltan Nation, including with the nearby community of ....

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