Atacama continues move into West African metals with Sirocco acquisition, C$60M raising
- Publishing Date
- 25 Jan 2012 2:33pm GMT
- Mining Journal
Atacama Minerals Corp has announced the completions of an acquisition and private placement, gaining 100% ownership of Sirocco Gold Inc and raising C$60 million (US$59.2 million) for the acquisition of new projects in South America and West Africa.
The owners of Sirocco, a privately-held gold exploration company with assets in West Africa, traded the company for 20 million shares in Atacama, alongside a 10 million share private placement offered to Sirocco stock-holders at C$0.69/share. The deal was concluded yesterday. Atacama also said it had closed the C$60 million placement, in which 50 million share-exchangeable receipts were sold at C$1.20/share.
Atacama presently operates an iodine mine in northern Chile and is developing a potash project in northern Brazil. The company’s acquisition of the privately-held Sirocco forms part of an ongoing expansion into West African gold and base metals – Atacama is also conducting exploration at sites in Cote D’Ivoire and Mauritania.
ALSO IN THE ARCHIVE...
More News By Subject
Read articles from the latest Print Edition - MJ 25/07/14
MOST RECENT SUPPLEMENT
Flexing its fighting spirit, South Australian leaders are committed to rising above the pack by embarking on a programme of innovation sourced from fundamental R&D through to business processes. For its part, government is committed to backing applied research, managing knowledge as an asset, while supporting the ease of doing business, providing strong investment facilitation and a one-window approach to government. Read it now
RECENT IN-DEPTH FEATURES
Recently published Reports:
No results were found