White Tiger Gold swallows Century Mining Corp for C$743 million
Canadian gold miner White Tiger Gold Inc. has offered 0.40 of its share for each Century Mining share. The offer values Century at about C$1.82 a share -- more than three times the stock's Friday closing, according to Reuters:
White Tiger's operations are mainly in Russia, including the Savkino and the Nasedkino project, while Century Mining's primary asset is the Lamaque gold mine in Quebec.
The boards of both companies support the deal and White Tiger shareholders will own about 39 percent of the company.
