African Gold PLC taken over by Mwana Africa
[ This is the one traded in London, not African Gold Group traded as AGG in Toronto. It has Konongo and Banka properties in Ghana. The acquirer, Mwana Africa Holdings, appears to be owned by a group of African investors from several countries, with an emphasis on Zimbabwe. I wonder what its relation to Robert Mugabe is. FL]
LONDON (AFX) - UK mining company African Gold PLC will be taken over by unlisted African peer Mwana Africa Holdings in the next few days, according to the Sunday Telegraph.
Citing sources close to the deal, the paper said the reverse takeover would create a group with a market capitalisation of 60 mln stg. African Gold is worth just 15 mln stg at current prices.
sd/bam
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