Inmet Moves for Panama Gold

Inmet Moves for Panama Gold

Panama M&A

Inmet Mining plans to make an offer to acquire all of the outstanding common shares of Petaquilla Minerals, a Panamanian gold mine operator, for CAD112m ($110m), it says. The Canadian miner active in LatAm is offering CAD0.48 cash, or 0.0109 Inmet shares, per Petaquilla share. The proposal would contemplate a spinout of Petaquilla’s assets in Spain to Petaquilla holders, allowing them to keep the potential upside of Petaquilla’s only asset outside Panama. Assuming the spinout, that offer represe

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial