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Fortuna to acquire Australian junior

Canada’s Fortuna Silver has agreed to acquire ASX-listed gold explorer Chesser Resources in a deal worth A$89 million.

Fortuna to acquire Australian junior Fortuna to acquire Australian junior Fortuna to acquire Australian junior Fortuna to acquire Australian junior Fortuna to acquire Australian junior

Chesser's Diamba Sud project in Senegal

Chesser shareholders will receive 0.0248 of a Fortuna share for every share held, representing an implied value of 14.2c per share, a 95% premium to yesterday's closing price.