G2 Goldfields Shares Jump on C$22.1 Million AngloGold Ashanti Strategic Investment
19 Dezember 2023 - 4:26PM
Dow Jones News
By Adriano Marchese
G2 Goldfields shares were sharply higher in early trading
Tuesday after the company said AngloGold Ashanti intends to make a
22.1 million Canadian dollar ($16.5 million) investment in the
company
In recent trading, shares were over 16% higher at C$0.78. The
stock is up more than 13% this year.
The Canadian miner said it will issue 24.5 million shares to the
South Africa-based company, which will represent an 11.7% stake in
G2 Goldfields.
G2 Goldfields said net proceeds of the investment will be
primarily used to advance exploration activities at its Oko project
in Guyana.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 19, 2023 10:11 ET (15:11 GMT)
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