Due Diligence Complete in Eldorado’s Deal with Sino Gold

15 September 2009 (Last Updated September 15th, 2009 18:30)

Eldorado Gold said that due diligence condition on its C$2bn deal to buy the rest of Sino Gold Mining shares has been completed. Sino Gold president and CEO Jake Klein said that the firm's shareholders will vote on the transaction in late-November. The deal, which was announc

Eldorado Gold said that due diligence condition on its C$2bn deal to buy the rest of Sino Gold Mining shares has been completed.

Sino Gold president and CEO Jake Klein said that the firm's shareholders will vote on the transaction in late-November.

The deal, which was announced in August, will see Sino Gold shareholders receive 0.55 Eldorado shares for each share held under the deal.

Eldorado president and CEO Paul Wright said that due diligence stipulations had been satisfied on target and the transaction is expected to close in early December.