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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Jennings Capital Inc.
Provider: Jennings Capital Inc.

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Teranga Gold Corp Announces Formal Offer To Acquire Oromin Explorations Ltd

Wednesday, 19 Jun 2013 11:02pm EDT 

Teranga Gold Corp announced that it has formally commenced offer (the Offer) to acquire all of the outstanding common shares (Oromin Shares) of Oromin Explorations Ltd. (Oromin) that it does not already own by mailing an offer and take-over bid circular (collectively, the Circular) and related documents to the Oromin security holders as required under applicable securities laws. Pursuant to the Offer, Oromin shareholders would receive 0.582 of a Teranga common share (Teranga Share) for each Oromin Share held. The Offer constitutes 80,000,000 Teranga Shares being offered to Oromin shareholders, including Teranga‚Äôs interest in Oromin. The Offer is open for acceptance until 9:00 pm (Toronto time) on July 30, 2013 (the Expiry Time), unless the Offer is extended or withdrawn. 

Company Quote

0.02 +2.41%
15 Sep 2014