CGX SLR

News: CGA Mining poised for Canadian takeover

  1. FNN News
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    20/09/12
    09:24
    Post #: 10745084
    .

    Dual listed CGA Mining Limited (ASX:CGX) has reportedly received a takeover offer from Canadian gold producer, B2Gold.



    Media reports suggest, the bid values CGA at about $1 billion and would follow a consolidation in the gold sector after Silver Lake Resources Limited (ASX:SLR) acquired Integra Mining.



    CGA owns a gold mine on the island of Masbate south of Manila.



    CGA generated a net profit of $5.9 million in fiscal 2012.
    CGX Price at posting: $2.55 Sentiment: None Disclosure: Held
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