CMOC's (HKG:3993, SHA:603993) unit CMOC Singapore agreed to acquire Canada-based mining firm Lumina Gold for CA$581 million on a fully diluted basis, a Monday press filing by Lumina stated.
The miner will buy the shares at CA$1.27 apiece in an all-cash transaction subject to all necessary regulatory and shareholder approvals.
As part of the acquisition, CMOC will take over the Cangrejos gold project in Ecuador's El Oro province, which Lumina Gold has been developing for 10 years.
CMOC has concurrently agreed to subscribe for $20 million of convertible bonds issued by Lumina Gold. The bonds carry an interest rate of 6% per annum and will fall due April 21, 2026.
Lumina plans to use proceeds from the issue of the bonds, which are convertible into Lumina Shares at CA$1 apiece, to fund expenditures related to the contract for the sale.
The company's Hong Kong-listed shares closed 10% higher, while its Shanghai-listed shares were up 4% at market close.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。