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Announced

Shomka Resources to acquire Namoya Mining from Banro.

Financials

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

Sources

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Tags

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Congo

Private

Acquisition

Friendly

Single Bidder

gold mine

Pending

Gold Mining

Majority

Synopsis

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Shomka Resources, a joint venture of Shomka Capital and Baiyin International Investments, agreed to acquire Namoya Mining, a gold mine in Congo, from Banro, a Canadian-based gold exploration and development company. Financial terms were not disclosed. Under the deal, which is subject to final approval from Congo’s government, Banro would receive a perpetual royalty for all production from the Namoya property.

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