M&A

Big tick of credibility for Welborn and Resolute

RESOLUTE Mining's growth ambitions and potential share price prospects have been given a big tick by private equity groups associated with US$274 million takeover target Toro Gold.

Resolute managing director John Welborn

Resolute managing director John Welborn

Major Toro owners QG Africa Mining, Tembo Capital and Resource Capital Fund - who combined have an 84% stake in the private gold miner - have agreed to accept 120 million Resolute shares as their share...

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