Canadian-based gold producer, Guyana Goldfields Inc says it’s no longer considering the buy-out offer of fellow Canada-based gold producer, Gran Colombia Gold Corp.
In a release yesterday, Guyana Goldfields announced through its office in Toronto, Canada, “that after careful consideration and consultation with its financial and legal advisors, [the company] has unanimously determined to reject the unsolicited proposal announced by Gran Colombia Gold Corp on May 11, 2020 to acquire all of the issued and outstanding common shares of the Company for consideration consisting entirely of Gran Colombia shares.”
The Company’s board also reaffirmed its “unanimous” support previously entered into with Canadian-based Silvercorp Metals Inc which was announced on April 27.
