Leagold Mining completed the acquisition of Brio Gold for $279m.

Leagold Mining, a company that specialised in a precious metal mining, completed the acquisition of Brio Gold, a company that focuses on exploration, extraction, and production of gold and precious metals, for $279m. "We are pleased to have reached a friendly agreement with the board and management of Brio. While Leagold was highly confident in the future success of the shareholder supported take-over process, we sought the opportunity to go friendly in order to accelerate the completion of the transaction by approximately 70 days, providing greater certainty to Brio's employees and shareholders and allowing us to unlock value for Brio shareholders sooner. We will also be better positioned to implement and communicate the business integration plan to Brio's employees and the communities in which Brio operates. Importantly, it is envisioned that Brio's operating procedures and reporting relationships within Brazil will be largely unaffected by the transaction. To enhance this integration plan, Leagold will be pleased to welcome Gil Clausen as Brio's nominee to Leagold's Board of Directors," Neil Woodyer, Leagold CEO.