M&As this week: Golden Dawn Minerals, Yunnan Aluminium, Worthington Industries
Golden Dawn Minerals has signed a letter of intent (LoI) with Advanced Mineral Technology to acquire BGP Resources for $200,000 in cash and $200,000 in common shares.
Following the acquisition, Golden Dawn will gain interest in the 234ha Lone Star copper-gold property, which hosts a series of lode claims and private mineral claims in northern Washington State.
The property is adjacent to GDM’s Greenwood Precious Metals project.
Yunnan Aluminium has announced plans to acquire 41% stake in carbon asset management company, Yunnan Sub-Energy Carbon Asset Management.
Both companies involved in the transaction are based in China.
Diversified metals manufacturing company Worthington Industries has announced the acquisition of pressure cylinders and water system tanks manufacturing company, AMTROL.
The purchase consideration for the acquisition is $283m.
Both companies involved in the acquisition are based in the US.