Finance > M-a

Anaconda moves on Maritime

Gold miner Anaconda Mining (TSX:ANX) has followed through on its plans to take over junior Maritime Resources (TSXV:MAE) and has made a formal, all-scrip offer at a 64% premium in a bid to create a leading Atlantic Canada gold producer.

Staff reporter

Finance > M-a

Anaconda moves on Maritime

Gold miner Anaconda Mining (TSX:ANX) has followed through on its plans to take over junior Maritime Resources (TSXV:MAE) and has made a formal, all-scrip offer at a 64% premium in a bid to create a leading Atlantic Canada gold producer.

Staff reporter

Anaconda moves on Maritime

Hammerdown would benefit from Point Rousse mill: Anaconda

The offer is for 0.39 of an Anaconda share per Maritime share, which Anaconda said represented C16c and a 64% premium, based on the 20-day volume weighted average prices of both shares on the TSX and Venture Exchanges respectively.