Junior Gold Mining M&A - Semafo Propose Acquisition of Orbis Gold

Semafo are bidding around AU$150m for Aussie Listed Orbis and their Natougou high grade gold project in Burkina Faso.
Orbis had recently seen a $20m partnership proposal with Greenstone Resources LP Private Equity run by Michael Haworth ex JP Morgan and Mark Sawyer ex Xstrata and Rio Tinto.