[miningmx.com] — GOLD One International, the dual-listed Australian and South African gold company, on Tuesday said the Namibian Competition Commission has unconditionally approved a transaction that will see a Chinese consortium become a major shareholder and long-term strategic partner.
“All other remaining regulatory conditions precedent to the transaction which include, inter alia, relevant Chinese approvals, are progressing well and in line with the anticipated timetable,” said Gold One in a statement to the JSE.
The transaction comprises a series of interdependent transactions, including a cash offer of AU$0.55 per Gold One share and a minimum AU$150m capital injection into Gold One.
