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Teranga Gold Corp Completes Acquisition Of Oromin Explorations Ltd


Friday, 4 Oct 2013 03:15pm EDT 

Teranga Gold Corp (Teranga) and Oromin Explorations Ltd (Oromin) announced that Teranga has completed the acquisition of all of the issued and outstanding common shares of Oromin Explorations Ltd (Oromin) that it did not already own by way of a plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the Arrangement, former shareholders of Oromin are entitled to receive the same consideration of 0.60 of a common share of Teranga for each Oromin Share as was offered under Teranga's prior offer that was completed on August 6, 2013. It is expected that the common shares of Oromin will be delisted from the TSX on or about October 8, 2013. 

Company Quote

0.84
0.0 +0.00%
28 Aug 2014