Montage Gold to acquire remaining 82.70% stake in African Gold for $170m.

Montage Gold, a Canadian company developing gold projects in Africa, agreed to acquire remaining 82.70% stake in African Gold, an Australian exploration company focused on the development of gold projects in Cote d'Ivoire, for $170m. “With the build of our Koné project tracking on budget and well on schedule, we are pleased to further enhance our portfolio through the addition of the high-quality Didievi project, thereby strengthening our presence in Côte d’Ivoire. This accretive transaction builds on the momentum generated thus far to advance our strategy of creating a premier African gold producer and delivering value for both Montage and African Gold stakeholders," Martino De Ciccio, Montage CEO.