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Guyana Goldfields (OTCPK:GUYFF) is being acquired by Zijin Mining Group (OTCPK:ZIJMY or OTCPK:ZIJMF) for CAD $1.85 per share in cash. The deal appears straightforward and is subject to two-thirds shareholder approval and approval by Chinese and Canadian authorities.
I took a position in GUYFF at CAD $1.73 in mid-June. This position was taken because the spread is relatively wide but the deal appears clean. Though many issues can scupper deals, the odds of success seem high enough to justify a stake.