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ARNGF - The Argonaut Gold - Alio Gold Merger: A Win-Win Deal
Argonaut Gold Inc
The latest wave of gold market acquisitions continues. Only several weeks ago, Wallbridge Mining (WLBMF) announced the acquisition of Balmoral Resources (BALMF). Last week, Endeavour Mining (EDVMF) announced the acquisition of SEMAFO (SEMFF). And this week, Argonaut Gold (ARNGF) announced a friendly at-market merger with Alio Gold (ALO). And just like I believe that last week's acquisition was better for Endeavour than for SEMAFO shareholders, in this case, the deal seems to be much better balanced.
According to the agreement, Alio's shareholders will