|Bid||0.00 x 0|
|Ask||102.00 x 0|
|Day's Range||98.50 - 98.50|
|52 Week Range||28.27 - 176.25|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 12, 2019 - Aug 16, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.01|
Avesoro Announces Expiry of Mandatory Extension Period and Avesoro Jersey Limited's Plan to Complete Compulsory Acquisition
TORONTO , Oct. 17, 2019 /CNW/ - Avesoro Resources Inc (the "Company" or "Avesoro") announces that, further to its announcements on August 20, 2019 and September 1, 2019 , its controlling shareholder, Avesoro Jersey Limited ("AJL"), has formally commenced an insider bid (the "Offer") to acquire all of the issued and outstanding shares of the Company, other than shares owned by AJL, at a price of £1.00 per share. The special committee (the "Special Committee") of the board of directors (the "Board") of the Company has, on behalf of the Board, approved the abridgement of the initial deposit period for the Offer from 105 days to 35 days.
AIM: ASO) not already owned by AJL or its affiliates, at a price of £1.00 (or its equivalent in Canadian or U.S. dollars) in cash per Common Share. The Offer allows the Common Shares which are the subject of the Offer to be deposited up to 5:00 p.m. ( Toronto time) on November 22, 2019 .
TORONTO , Oct. 3, 2019 /CNW/ - Avesoro Resources Inc (the "Company" or "Avesoro") announces that a pit wall and ramp failure occurred in the Kinjor pit (the "Event") at the Company's New Liberty Gold mine in Liberia ("New Liberty") on Tuesday October 1, 2019 . Mining is continuing at the Marvoe and Kinjor-South pits at New Liberty, but ore production volumes will be reduced for some time as a result of the Event. Further to the Company's announcement dated August 20, 2019 , the Company's gold production and cost guidance for the full year 2019 remains under review.
TORONTO , Aug. 16, 2019 /CNW/ - Avesoro Resources announces that, on the morning of August 9, 2019 , its Youga Gold Mine in Burkina Faso ("Youga" of the "Mine") experienced a security breach by an armed group of artisanal miners seeking to steal ore from the Mine's stockpile and who temporarily overran the Mine camp. With the local Gendarme (Police), the Youga site was secured and is now again in the Company's control. Serhan Umurhan, the Company's Chief Executive Officer, travelled to Youga on August 9, 2019 with the General Manager of the Mine to assess the situation, and following an updated risk assessment of the situation took the decision to suspend all processing and mining operations at the Mine and to evacuate staff to Ouagadougou (the capital city of Burkina Faso ).
Security forces in Burkina Faso have sealed off an Avesoro gold mine after a security guard killed an intruder and local people attacked the site in retaliation, security sources said on Friday. The Youga gold mine, in the south of the country, was shut down following the incident on Thursday, three employees told Reuters. On Thursday, mine owner Avesoro Resources said an armed group of artisanal miners had attacked the site, but that mining and processing had continued throughout the incident in the early hours of Thursday.
Avesoro Resources Inc. - Filing of NI 43-101 Technical Report for the Youga Gold Mine, Burkina Faso
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