Altius Minerals Announces Acquisition of TNR Gold in $122 Million Deal
Altius Minerals (ALS:CA) has entered into a definitive agreement to acquire all outstanding shares of TNR Gold Corp. via a court-approved plan of arrangement. The transaction values TNR Gold at approximately $122 million, marking a significant consolidation move for Altius. The acquisition is structured as a plan of arrangement and aims to integrate TNR Gold's assets into Altius Minerals' existing portfolio. This deal represents a strategic expansion for Altius as it seeks to bolster its mineral holdings through this multi-million dollar transaction.
Topics: Corporate Restructuring M&A Mining