Thursday, 18 September 2014

Junior Gold M&A - Mariana Resources bid for Aegean Metals

Very junior bid from S.American explorer Mariana for Aegean focussed on the Tethyan belt in Turkey near Alamos and Pilot Gold.
Smallcap £11m London Aim listed Mariana was recently able to raise up to $6m from New York based Bergen Global Opportunity fund.
Anglogold have an 11% holding in Mariana while Teck are backing into 51% of Aegean's Ergama project in Turkey and a Turkish producer Lidya Mining (Alacer partner in Turkey) earning into a second project Hot Maden.    (Lidya Mining)

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