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Court approves Teranga takeover of Gryphon

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CORPORATE ACTIVITY
Takeover target Gryphon Minerals has gone into a trading halt after the Federal Court of Australia approved a takeover offer from dual-listed Teranga Gold Corporation. Teranga in June made a play for Gryphon, offering Gryphon shareholders 0.169 common shares of Teranga, or 0.169 Teranga shares in the form of ASX-listed CHESS depository interests for each Gryphon share held.
 
 
 
 
 

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