Eldorado to buy Chinese gold developer

CANADA’S Eldorado Gold looks set to become a gold producer in China after launching a $C58 million scrip bid for the owner of the emerging Tanjianshan project in China’s Qinghai province, Afcan Mining.

Eldorado to buy Chinese gold developer Eldorado to buy Chinese gold developer Eldorado to buy Chinese gold developer Eldorado to buy Chinese gold developer Eldorado to buy Chinese gold developer

Eldorado has offered one share for every six and half shares held in Afcan, which Eldorado said was 25% premium to Afcan’s trading over the last 30 days.

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