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Chengtun to buy Canadian explorer Loncor for C$261M

Loncor shares up 10% on the news

Isabeau van Halm
Drilling at the Adumbi deposit in the Democratic Republic of the Congo

Drilling at the Adumbi deposit in the Democratic Republic of the Congo | Credits: Loncor Gold

Loncor Gold, a Canadian gold explorer, announced it has agreed to an acquisition by China's Chengtun Mining for around C$261 million in an all-cash offer. The offer is for C$1.38 per Loncor share, a...

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