St Barbara to acquire Atlantic Gold Corp for C$802m.

St Barbara, gold miner, to acquire Atlantic Gold Corp, gold miner, for C$802m (£431m). The C$2.90 (£1.6) per share cash consideration implies a total equity value for Atlantic of approximately C$722m (£388m) and a total enterprise value of C$802m (£431m). “St Barbara has consistently communicated to the market that the company has been assessing a range of inorganic growth opportunities and the acquisition today demonstrates the company’s commitment to executing inorganic growth that is strongly aligned with St Barbara’s strategic plan.” Bob Vassie managing director and chief executive officer.