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Allied Gold acquires Australian Solomons Gold

Mon, Nov 9, 2009

Gold Company News

Allied Gold Limited (ASX:ALD)(AIM:AGLD)today announced its takeover offer for Australian Solomons Gold Limited unconditional. A total of 63,694,013 ordinary shares of Australian Solomons Gold Limited were validly deposited under the Offer as of November 8, 2009.

The press release is quoted as saying:

This is a milestone in Allied Gold’s emergence as a substantial South East Asian gold producer with a clear production development profile that will see the company producing in excess of 250,000 oz of gold. The benefits that can be derived from this transaction will generate material value for Allied Gold shareholders into the future.

Click here to access the entire press release

Click here to access Allied Gold Limited Corporate Site

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  • The Gold Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

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