Canada rejects bid by China''s Shandong for Arctic gold
10 #0183;#32;Canada rejected Shandong Gold Mining''s bid for indebted TMAC Resources, the companies said, amid concerns about a Chinese stateowned entity operating in
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10 #0183;#32;Canada rejected Shandong Gold Mining''s bid for indebted TMAC Resources, the companies said, amid concerns about a Chinese stateowned entity operating in
1 #0183;#32;Article content. TORONTO TMAC Resources Inc. (TSX: TMR) (TMAC or the Company) has been informed that the Governor in Council has issued an order under the Investment Canada Act (Canada) directing Shandong Gold Mining Co., Ltd. and its affiliate (Shandong) not to implement the plan of arrangement (the Transaction).As a result, the Transaction between TMAC and
3 #0183;#32;ADVISORS, lawyers, and executives look like working overtime through the Christmas period, after Shandong Gold flagged it would increase its bid for Ghanafocused gold concern Cardinal Resources if a rival bid by major Cardinal shareholder Nordgold lapses today.
1 #0183;#32;Article content. TORONTO TMAC Resources Inc. (TSX: TMR) (TMAC or the Company) has been informed that the Governor in Council has issued an order under the Investment Canada Act (Canada) directing Shandong Gold Mining Co., Ltd. and its affiliate (Shandong
13 #0183;#32;Shandong announced the deal in May to buy TMAC, owner of the Hope Bay gold mining project in Nunavut, for 230 million. The friendly deal had received Chinese regulatory approvals and TMAC shareholders voted in favour of it in June.
12 #0183;#32;TMAC says the deal will now not go ead and it is in talks with Shandong regarding termination of the transaction. Shandong announced the deal in May to buy TMAC, owner of the Hope Bay gold mining project in Nunavut, for 230 million. The friendly deal had received Chinese regulatory approvals and TMAC shareholders voted in favour of it in June.
13 #0183;#32;Monday evening TMAC Resources announced that Governor in Council issued an order under the Investment Canada Act directing Shandong Gold Mining Co., Ltd. to not proceed with its takeover plan of TMAC Resources, including its Hope Bay mine in Nunavut. The Transaction between TMAC and Shandong will not proceed, the company said.
1 #0183;#32;Government of Canada Rejects TMAC Sale to Shandong Gold Mining Co., Ltd. TMAC Resources Inc. (TSX: TMR) (TMAC or the Company) has
13 #0183;#32;The Canadian Government has rejected to allow the sale of TMAC Resources and its Hope Bay gold mine to Chinese stateowned company Shandong Gold Mining. An order has been issued by the Governor in Council under the Investment Canada Act (Canada) directing Shandong and its affiliate not to implement the plan of arrangement.
Shandong Gold Group is a stateowned Chinese gold mining company under the provincial government of company is the secondlargest producer of gold in China by output and its publiclylisted subsidiary ranked #1,898 in the Forbes Global 2000.
1 #0183;#32;Government of Canada Rejects TMAC Sale to Shandong Gold Mining Co., Ltd. Businesswire 9h TMAC Announces Extension Notice for National Security Review of Transaction with Shandong Gold Mining
14 #0183;#32;The federal government has rejected Chinas statecontrolled Shandong Gold Mining Co. planned takeover of junior gold miner TMAC Resources Inc. because of concerns about
14 #0183;#32;The federal government has rejected Chinas statecontrolled Shandong Gold Mining Co. planned takeover of junior gold miner TMAC Resources Inc. because of concerns about national
4 #0183;#32;TMAC Resources Inc. was recently informed that the Governor in Council has issued an order under the Investment Canada Act (Canada) directing Shandong Gold Mining Co. Ltd. and its affiliate not to proceed with the transaction with TMAC. Shandong would have acquired of TMAC.
8 #0183;#32;By Vipal Monga and Paul Vieira . OTTAWA Canada blocked Chinese stateowned Shandong Gold Mining Co. from buying a gold mine in the Canadian Arctic as Prime Minister Justin Trudeau faces growing pressure to curb Beijing''s rising influence in the country and the polar region.
13 #0183;#32;Shandong announced the deal in May to buy TMAC, owner of the Hope Bay gold mining project in Nunavut, for 230 million. The friendly deal had received Chinese regulatory approvals and
9 #0183;#32;In August, Shandong reported the appointment of Barrick Gold Corp. veteran Mark Wall as CEO of Streamers Gold Mining Corp. Ltd., its wholly owned subsidiary in Canada. By Dan Healing in
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