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New Deal


Announced

Completed

12 Exploration completed the acquisition of 79North.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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gold exploration

mineral exploration

Private

Friendly

Domestic

Single Bidder

Canada

Merger

Majority

Gold Mining

Acquisition

Completed

Synopsis

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12 Exploration, a mineral exploration company, completed the acquisition of 79North, an exploration and development company. Financial terms were not disclosed. “Our public listing is a significant milestone for us as we continue to grow our portfolio of high-quality gold exploration projects in Suriname. The Nassau Gold Project has had more than a century of artisanal gold mining and is in the same sequence of gold-bearing rocks that contain the Merian Gold Mine and the Rosebel Gold Mine. In spite of this, there has not been sustained modern gold exploration or diamond drilling at the Nassau Gold Project,” Jon North, 12Ex President, CEO and Chairman.

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