Key Developments: Teranga Gold Corp (TGZ.TO)

TGZ.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Teranga Gold Corp Sees FY 2013 Production Guidance At Higher End Of Prior Range
Tuesday, 29 Oct 2013 04:05pm EDT 

Teranga Gold Corp announced that for fiscal 2013, it expects production at the higher end of original guidance range of 190,000 to 210,000 ounces.  Full Article

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.  Full Article

Teranga Gold Corp Does Not Recommend Dividend
Tuesday, 27 Aug 2013 06:00pm EDT 

Teranga Gold Corp announced that the directors have not recommended the payment of a dividend for the financial half year ended June 30, 2013.  Full Article

Teranga Gold Corp And Oromin Explorations Ltd Announce Plan Of Arrangement Transaction
Tuesday, 27 Aug 2013 06:00pm EDT 

Teranga Gold Corp and Oromin Explorations Ltd announced that they have entered into an arrangement agreement (the Arrangement Agreement) for Teranga to acquire the remaining outstanding common shares of Oromin (the Oromin Shares) by way of a plan of arrangement (the Arrangement) under the B.C. Business Corporations Act. Under the Arrangement, shareholders of Oromin (Shareholders) would 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. Oromin has called a special meeting of Shareholders for October 2, 2013 (the Meeting) to consider the Arrangement. The record date for determining the Shareholders entitled to receive notice of and vote at the Meeting is the close of business on August 30, 2013. The Arrangement is subject to the approval of the Supreme Court of British Columbia and satisfaction or waiver of the conditions to closing set out in the Arrangement Agreement. To be effective, the resolution of Shareholders approving the Arrangement (the Arrangement Resolution) must be approved by not less than 66% of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting and a majority of the votes cast by minority Shareholders in accordance with applicable securities laws. Teranga has indicated that it will vote all of the Oromin Shares it holds in favour of the Arrangement Resolution.  Full Article

Teranga Gold Corp Sees FY 2013 Production Guidance At Higher End Of Prior Guidance
Monday, 29 Jul 2013 06:00pm EDT 

Teranga Gold Corp announced that the gold production for fiscal 2013 is expected to be at the higher end of the original guidance range of 190,000 to 210,000 ounces.  Full Article

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’s 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

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