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Leagold plans Brio takeover

Leagold Mining (CN:LMC) is planning a US$264 million all-stock offer for fellow Canadian-listed Brio Gold (CN:BRIO) to create a mid-tier Latin American gold producer, which the takeover target has described as “not surprising”.

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Plans to create a mid-tier Latin American gold producer

Leagold says it intends to make an offer representing an implied price of C$2.80 per Brio share, a 57% premium, and said the offer had support from major Brio shareholders including Yamana Gold ...