Carlisle Goldfields (CGJ.TSXV) updated investors on two recently announced transactions involving the junior developer; one a strategic investment and joint venture with AuRico Gold and the other being an all-cash takeover proposal by London-listed Nordgold. After mulling over the request by Nordgold which would allow them to offer $0.096 per share in cash to each shareholder of Carlisle (representing a… Continue Reading
Just a couple of days after announcing a strategic investment and JV agreement with AuRico, Carlisle Goldfields (CGJ.TSXV) has been offered $0.096 per share in an all-cash takeover from Nordgold. Nordgold is a London-listed gold producer that operates nine mines across four countries and produced 924,000 ounces of gold in 2013. It is 84.4% owned by Russian oligarch, Alexey Mordashov. The… Continue Reading
Another cashed up mid-tier producer has decided the time is right to deploy some capital into the junior sector. This time the cashed up mid-tier is AuRico Gold (AUQ:TSX) and the junior is Carlisle Goldfields (CGJ:TSX). AuRico, who operates two gold mines in Canada and Mexico, has agreed to purchase 70.6 million shares in Carlisle at a price of… Continue Reading
