scheme of arrangement mining
Evolution Mining Pays a 60% Premium for Carnaby
Evolution Mining agreed to pay a 60% premium to swallow a copper explorer it didn’t need to buy outright. In British Columbia, a different backer chose the opposite move: keep funding a junior’s drill program rather than acquire it, and one of those holes just returned 200 grams of gold per tonne over half a…
Pan African Resources Completes Emmerson Buyout, Fitzroy Hits Copper
Pan African Resources spent four months and £163 million buying out a company it already controlled 75% of, just to make the paperwork simpler. Fitzroy Minerals spent the same week drilling a hole in Chile that came back at 59 meters of 1.73% copper and decided to drill 22,000 more meters to find out what…
