AcquisitionsMay 29, 2026, 05:27 PM
Allied Gold advances Zijin acquisition approvals; extends outside date to July 29
AI Summary
Allied Gold Corp announced significant progress in obtaining regulatory approvals for its proposed acquisition by Zijin Gold International. The company has received approval under the Investment Canada Act, as well as merger clearances from the Regional Competition Authority of ECOWAS and the Competition and Consumer Commission of COMESA. To facilitate the transaction, the parties have extended the outside date for completion to July 29, 2026, and are amending the Credit Facility.
Key Highlights
- Allied Gold received Investment Canada Act (ICA) approval for Zijin Gold International acquisition.
- Transaction secured merger clearance from ECOWAS Regional Competition Authority.
- Received merger clearance from COMESA Competition and Consumer Commission.
- Certain host country regulatory approvals in Africa are obtained or in advanced stages.
- Outside date for transaction completion extended to July 29, 2026.
- Amendments to the Credit Facility are in progress to facilitate closing.
- Transaction remains subject to outstanding regulatory approvals and conditions.
Price Impact
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