Australia's Alkane Resources has cleared two key regulatory hurdles in its planned acquisition of Canada's Mandalay Resources, securing approval from Australia’s Foreign Investment Review Board ...

Mandalay Resources has announced the receipt of Australian Foreign Investment Review Board (FIRB) approval for its proposed merger with Alkane Resources.

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Alkane Resources and Mandalay Resources have announced an all-share merger valued at AU$1.01 billion, creating a global gold and antimony producer.

By Adriano Marchese Shares of Mandalay Resources rose after the company said over the weekend that it would merge with Australia's Alkane Resources.

Nic Earner, Managing Director of Alkane, commented: "The Transaction will take Alkane to a new level, bringing together two companies with complementary assets and a shared vision for growth. Mandalay ...

About Alkane Resources Alkane Resources intends to grow to become one of Australia’s leading multi-mine gold and copper producers.

These include statements regarding Alkane and Mandalay's intent, or the beliefs or current expectations of the officers and directors of Alkane and Mandalay for the combined company post-closing.

Australia's Alkane Resources will acquire Canada's Mandalay Resources in an all-share deal valued at A$559.1 million ($357.8 million), the companies said on Monday, creating a combined diversified ...