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Atlantic Gold to be acquired by Australia's St Barbara for C$722 Mln

May 14 (Reuters) - Atlantic Gold Corp said on Tuesday it entered an agreement to be acquired by Australia-based St Barbara Ltd in an all-cash transaction for C$722 Million.

St Barbara's C$2.90 per share cash offer represents a premium of 38.75% premium to Atlanta Gold's closing price on Tuesday.

(Reporting by Philip George in Bengaluru; Editing by Sandra Maler)