Key Developments: Teranga Gold Corp (TGZ.TO)

TGZ.TO on Toronto Stock Exchange

0.78CAD
16 Apr 2014
Price Change (% chg)

$-0.01 (-1.27%)
Prev Close
$0.79
Open
$0.80
Day's High
$0.80
Day's Low
$0.78
Volume
212,584
Avg. Vol
2,082,958
52-wk High
$1.22
52-wk Low
$0.42

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Latest Key Developments (Source: Significant Developments)

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is open for acceptance until 9:00 pm (Toronto time) on July 30, 2013 (the Expiry Time), unless the Offer is extended or withdrawn.  Full Article

Teranga Gold Corp Does Not Recommend Dividend
Wednesday, 19 Jun 2013 10:40pm EDT 

Teranga Gold Corp announced that during the twelve and fifteen months ended December 31, 2012 and 2011, respectively, no dividends were paid  Full Article

Teranga Gold Corp Announces Intention To Make Offer To Acquire Oromin Explorations Ltd
Monday, 3 Jun 2013 08:22am EDT 

Teranga Gold Corp announced that it intends to make an offer to acquire all of the outstanding common shares of Oromin Explorations Ltd. that it does not already own. The proposed Offer would constitute 80,000,000 Teranga common shares being offered to Oromin shareholders, including Teranga's interest in Oromin. Pursuant to the proposed Offer, Oromin shareholders would receive 0.582 of a Teranga Share for each Oromin Share held. The proposed Offer would represent a premium of 50% to the 20-day volume-weighted average price (VWAP) of the Oromin Shares on the Toronto Stock Exchange (the TSX) for the period ending May 31, 2013 (based on the 20-day VWAP of the Teranga Shares on the TSX for the same period) and a premium of 68.7% to the closing price of the Oromin Shares on the TSX on May 31, 2013 (based on the closing price of the Teranga Shares on the TSX on the same date).  Full Article

Teranga Gold Corp Reaffirms FY 2013 Gold Production Guidance
Tuesday, 14 May 2013 04:02pm EDT 

Teranga Gold Corp announced that it's expectation on gold production for fiscal 2013 is on track to be in the range of 190,000 - 210,000 ounces at total cash costs of $650 to $700 per ounce in line with 2013 guidance.  Full Article

Teranga Gold Corp Announces Change Of Auditors
Monday, 29 Apr 2013 07:11pm EDT 

Teranga Gold Corp announced that it will change its auditor from Deloitte LLP, Chartered Accountants, Toronto, Ontario, Canada to Ernst & Young LLP, Chartered Accountants, Toronto, Ontario, Canada effective April 12, 2013.  Full Article

Teranga Gold Corp Reaffirms FY 2013 Production Guidance
Monday, 29 Apr 2013 04:23pm EDT 

Teranga Gold Corp announced that it expects production for fiscal 2013 is expected in the range of 190,000 to 210,000 ounces of gold at total cash costs of between $650 and $700 per ounce.  Full Article

Teranga Gold Corporation Announces Holding Interest Of Ellerston Capital Limited And Its Associates
Thursday, 18 Apr 2013 03:47am EDT 

Teranga Gold Corporation announced that Ellerston Capital Limited and its associates have an interest of 13,298,113 ordinary shares, representing 5.41% of the voting power in the Company.  Full Article

Teranga Gold Corp Not To Pay FY 2012 Dividend
Wednesday, 20 Feb 2013 04:45pm EST 

Teranga Gold Corp announced that during fiscal 2012, no dividends were paid. The directors have not recommended the payment of a dividend.  Full Article

Teranga Gold Corp Issues FY 2013 Production Guidance
Wednesday, 30 Jan 2013 06:00am EST 

Teranga Gold Corp announced that it expects production for fiscal 2013 is expected in the range of 190,000 to 210,000 ounces of gold at total cash costs of between $650 and $700 per ounce.  Full Article

Teranga Gold Corp Reaffirms FY 2012 Production Guidance
Monday, 29 Oct 2012 06:00am EDT 

Teranga Gold Corp announced that it remains on track to meet fiscal 2012 production guidance of 210,000 to 225,000 ounces at total cash costs of $600 to $650 per ounce.  Full Article

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