Vancouver – Shareholders of Moto Goldmines (MGL-T) blessed a takeover by Randgold Resources (RRS-L).
Moto shareholders will get 0.07061 Randgold shares for each Moto share they own.
Moto shareholders can also opt to receive US$4.47 per share instead of Randgold shares.
Moto operates in the Democratic Republic of the Congo where it has proven and probable reserves of 31 million tonnes grading 3.2 grams gold at its Moto gold project.
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