West African Resources has acquired a gold deposit located near its existing Sanbrado project in Burkina Faso, with the Subiaco-base company to pay up to $US45 million ($A69 million) in staged payments.
Shareholders of Africa-focused Papillon Resources voted almost unanimously in favour of a $615 million takeover by Canadian-based B2Gold at a scheme meeting held this morning.
Perth-based Papillon Resources has agreed to amend the terms of its merger agreement with B2Gold to provide a new incentive for some of its shareholders.
Perth company director Ian Middlemas has presided over another lucrative takeover deal, after the board of Africa-focused Papillon Resources agreed to a $615 million all-scrip takeover by Canadian major B2Gold.
Canadian miner B2Gold has swooped on Perth-based CGA Mining, offering the equivalent of $C3.18 ($3.13) per share in an all-scrip takeover bid worth around $C1.1 billion ($1.08 billion).
