Goldcorp Inc. (TSE:G) to acquire Yukon gold project developer Kaminak Gold (CVE:KAM) in a C$520 million all-stock deal
With the price of gold on the rise, it’s not surprising that M&A activity in the gold mining sector is heating up. One of SmallCapPower’s Top Picks from PDAC 2016, Kaminak Gold Corporation (CVE:KAM), recently agreed to be acquired by Goldcorp Inc. (TSE:G) in an all-stock transaction valued at about C$520 million. Find out why this Company was an attractive takeover target by watching our video.
For more gold junior investing ideas please see our Ubika Gold 20 reports >>
We had previously covered how Kaminak Gold Corporation (CVE:KAM) shares surged 26% to $2.50 on May 12, 2016, after the gold project developer announced that it has agreed to be acquired byGoldcorp Inc. (TSE:G) in an all-stock transaction valued at approximately C$520 million. The shareholders of this gold penny stock will receive 0.10896 common shares of Goldcorp for each Kaminak share held.
