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| Name | Symbol | Market | Type |
|---|---|---|---|
| GOLD | CCOM:GOLD | Currency.com | Future |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.92 | -0.04% | 2,358.38 | 2,358.23 | 2,358.53 | 2,361.14 | 2,354.54 | 2,360.40 | 0 | 05:20:59 |
From May 2019 to May 2024
AngloGold Ashanti Ltd. (AU), the world's third-largest producer of the precious metal, Tuesday said it plans to offer about 7.8 million new shares to fund the planned acquisition of a 50% stake in Moto Goldmines Ltd. (MGL.T).
The Johannesburg-based company said the offering would be in the form of ordinary shares and American depositary shares that will represent ordinary shares. UBS Investment Bank is acting as sole bookrunner for the offering.
AngloGold and Africa-focused gold producer Randgold Resources Ltd. (GOLD) in July said they would jointly buy Moto, whose main asset is a project in the Democratic Republic of Congo.
The company said the proceeds from the offering would fund its proposed acquisition of a 50% indirect interest in Moto, including its share of certain other liabilities and expenses.
-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848; robb.stewart@dowjones.com
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