AngloGold Ashanti Intends To Make A C$22.05M Strategic Investment In G2 Goldfields
Portfolio Pulse from Benzinga Newsdesk
AngloGold Ashanti plc (AGA) plans to invest C$22.05 million in G2 Goldfields Inc. by subscribing for 24,500,000 common shares at C$0.90 each. Upon completion, AGA will hold an 11.7% stake in G2 Goldfields.
December 19, 2023 | 11:11 am
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AngloGold Ashanti (AU) is making a strategic investment in G2 Goldfields, acquiring 11.7% of the company for C$22.05M, which may indicate a bullish outlook on G2's prospects.
The strategic investment by AngloGold Ashanti in G2 Goldfields suggests a positive outlook on G2's potential and may reflect positively on AU's stock in the short term due to the potential for synergies and asset diversification. The size of the investment and the resulting ownership stake are significant, indicating a meaningful commitment to G2's success, which could be viewed favorably by investors.
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