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TopTung Limited (TTW) has acquired Zeus Minerals, an Australian mineral exploration company focused on nickel and copper.

TopTung will make an initial cash payment of $50,000 as part of the transaction, along with issuing 35.71 million fully paid ordinary shares priced at $0.035 a share to Zeus vendors.

TopTung also plans to undertake a placement and raise a sum of $500,000 through the issuance of fully paid ordinary shares priced at $0.035 a share.

Australia-based TopTung is primarily engaged in mineral exploration.

Coeur Mining and has entered a definitive agreement to acquire all the issued and outstanding securities of Northern Empire Resources, which are currently owned by the company.

"La Mancha Holding has agreed to invest a sum of $125.7m to acquire a 30% stake in Golden Star Resources as part of a private placement."

The acquisition will be conducted via a plan of arrangement involving the exchange of one common share in Northern Empire for 0.1850 common shares in Coeur.

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By GlobalData

The transaction is expected to be valued at approximately $90m (C$117m), inclusive of the approximately 7.4 million Northern Empire shares currently owned by Coeur.

Coeur has engaged BMO Capital Markets as its exclusive financial adviser in support of the acquisition, while Goodmans, Gibson, Dunn & Crutcher, Perkins Coie and Lawson Lundell are providing legal counsel services.

Meanwhile, Northern Empire has engaged Cormark Securities as its exclusive financial adviser for the transaction, while DuMoulin Black, Dorsey and Whitney, and Parsons Behle & Latimer have been engaged as legal counsellors.

Coeur Mining is engaged in the mining of precious metals, while Northern Empire Resources is a gold exploration and development company.

Both companies involved in the transaction are based in the US.

La Mancha Holding has agreed to invest a sum of $125.7m to acquire a 30% stake in Golden Star Resources as part of a private placement.

Golden Star will issue 163.2 million common shares to La Mancha under the deal.

Luxembourg-based La Mancha is an investment firm, while Golden Star is a Canadian gold mining company.

The mining division of Hexagon has completed the acquisition of Guardvant for an undisclosed price.

The acquisition is expected to add greater value to the safety portfolio of Hexagon’s mining division.

Guardvant’s expertise, especially in the detection of operator fatigue and distraction, is expected to play a major role in ensuring safety within the mining industry.

Hexagon is focused on the provision of digital systems, while Guardvant is engaged in the supply of mining safety solutions.

Both companies involved in the deal are based in the US.