The company said in a statement to the JSE that the transaction would be effected through a merger transaction in which GCGC's shareholders will receive consideration consisting of AngloGold Ashanti ADSs.
Monday, January 14, 2008
AnGold buys Golden Cycle
(Fin24) - AngloGold Ashanti (ANG), the world's second-largest gold producer, announced on Monday that it had acquired 100% of Golden Cycle Gold Corporation (GCGC), a US precious metals exploration and development company, for $149m, about R1bn.
The company said in a statement to the JSE that the transaction would be effected through a merger transaction in which GCGC's shareholders will receive consideration consisting of AngloGold Ashanti ADSs.
The company said in a statement to the JSE that the transaction would be effected through a merger transaction in which GCGC's shareholders will receive consideration consisting of AngloGold Ashanti ADSs.
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