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Posted by
Two Blokes Apr 21 -
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Stock
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Lumina Gold Corp (TSX-V:LUM, OTCQB:LMGDF) announced on Monday that it has agreed to be acquired by CMOC Singapore, a subsidiary of CMOC Group Ltd, in an all-cash deal worth approximately C$581 million. Under the terms of the arrangement, CMOC will acquire all issued and outstanding shares of Lumina at C$1.27 per share, representing a 71% premium to Lumina's 20-day volume weighted average trading price and a 41% premium to the company's closing price on April 17.
