CAPITAL MARKETS

Ranger avoids takeover with Abosso sale

SOUTH Africa's Gold Fields and Toronto-based Repadre Capital have agreed to buy-out Perth-based Ranger Minerals' 90% interest in the Damang gold mine in Ghana in a cash and share deal worth US$41.1 million.

MiningNews.Net

Ranger avoids takeover with Abosso sale

Ranger's interest in the Damang mine is held through its 90% interest in Abosso Goldfields, an unlisted Ghanaian company. Once the deal has been finalised, Gold Fields will own 71.1% of Abosso, Repadre...

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