Canada clears Endeavour Mining-Semafo merger

MINING.COM | Canadian authorities have given Endeavour Mining (TSX: EDV) the go-ahead for the acquisition of smaller rival Semafo (TSX: SMF), which would create West Africa’s top gold producer.

The Minister of Innovation, Science and Industry, said Endeavour, determined there was no need for a national security review of the C$1 million deal, announced in March this year.

Both companies’ boards and Endeavour’s shareholders had already approved the business combination, which is expected to close on or around July 1.

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