AcquisitionsMay 29, 2026, 03:27 PM
Allied Gold Acquisition by Zijin Gold Receives Key Canadian Approval
AI Summary
Allied Gold Corporation announced that Zijin Gold International Company Limited has received approval under the Investment Canada Act for its proposed acquisition of Allied Gold. This completes the Canadian approval process, and the transaction has also secured merger clearances from ECOWAS and COMESA. While certain host country approvals in Africa are in progress, the parties have extended the Outside Date for completion to July 29, 2026, as they continue to work towards fulfilling all remaining conditions.
Key Highlights
- Zijin Gold received Investment Canada Act (ICA) approval for the acquisition of Allied Gold.
- ICA approval completes the Canadian regulatory process for the transaction.
- Transaction also received merger clearance from ECOWAS and COMESA.
- Regulatory approvals in host African countries are either obtained or in advanced stages.
- The Outside Date for transaction completion has been extended to July 29, 2026.
- Completion remains subject to outstanding regulatory approvals and remaining conditions.
Price Impact
More from AAUC