The Hunt Mining Company, a mining company, acquired Patagonia Gold, a mining company existing under the laws of England and Wales focused on the exploration and development of gold and silver projects in the Patagonia region of Argentina, for £17m. The offer represents a premium of 35.9% to the middle market closing price of £0.535 per Patagonia Gold Share on 30 May 2019. Commenting on the Offer on behalf of Hunt, Tim Hunt, Chairman and Chief Executive Officer of Hunt, said: "Hunt is pleased to align with Patagonia Gold in advancing our combined projects which we ultimately believe will generate growth in shareholder value. I believe that the synergies obtainable from combining the two companies serve that primary objective, as we share a long-term vision for our projects."