Deals this week: Highland Gold, Caterpillar and more

7 June 2012 (Last Updated June 7th, 2012 18:30)

Highland Gold Mining will acquire LLC Klen in Russia for $69m, subject to approval by the Russian anti-monopoly authorities.

Highland Gold Mining will acquire LLC Klen in Russia for $69m, subject to approval by the Russian anti-monopoly authorities.

LLC Klen holds the mining and exploration rights to the Klen gold deposit and the surrounding Verkhne-Krichalskaya property located in north eastern Russia.

Caterpillar announced the completion of its tender offer for ERA Mining and its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing Co.

The company received acceptances for 98.89% of ERA common stock and approximately 98.26% of all outstanding options to purchase ERA common stock. The acquisition of the remaining shares of ERA common stock is anticipated in the third quarter of 2012.

Northern Superior Resources has signed an option agreement with Murgor Resources to acquire 70% of Murgor's Waconichi gold property located in Quebec, Canada.

The gold property consists of 316 mineral claims; the transaction is conditional upon TSX Venture Exchange approval.

Declan Resources has entered into a binding letter agreement with Talos Minerals to acquire 100% of Talos issued common shares.

The transaction will be made in exchange for one common share of the company for each Talos common share which is issued and outstanding.

Talos currently has 24.4 million issued and outstanding common shares and holds three mineral exploration licenses in the Kono and Bo districts of Sierra Leone.

Zaruma Gold Mining announced the acquisition of securities of Red Tiger Mining for C$1,9m ($1.9m), pursuant to private placement financing.

The company said that each unit was comprised of one common share in the capital of the corporation and one common share purchase warrant of the corporation.