M&A Deal Summary

IDM Mining Acquires Oban Mining - Yukon Properties

On December 7, 2015, IDM Mining acquired metals/mining company Oban Mining - Yukon Properties from Oban Mining

Acquisition Highlights
  • This is IDM Mining’s 1st transaction in the Metals/Mining sector.
  • This is IDM Mining’s 1st transaction in Canada.

M&A Deal Summary

Date 2015-12-07
Target Oban Mining - Yukon Properties
Sector Metals/Mining
Buyer(s) IDM Mining
Sellers(s) Oban Mining
Deal Type Divestiture

Target

Oban Mining - Yukon Properties

Canada
Oban Mining - Yukon Properties comprises precious and base metal claims and properties. The asset is located in Canada.

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Buyer(S) 1

Buyer

IDM Mining

Vancouver, British Columbia, Canada

Category Company
Founded 2009
Sector Metals/Mining
DESCRIPTION

IDM Mining Ltd. is a mineral exploration and development company based in Vancouver, BC, Canada. The Company's current exploration and development activities are focused on precious metals in British Columbia and Yukon with a primary focus on the high grade underground Red Mountain Project which recently entered the BC and Canadian environmental assessment process.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Oban Mining

Toronto, Ontario, Canada

Category Company
Sector Metals/Mining
DESCRIPTION

Oban is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Oban's flagship project is the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec, Canada. Oban also holds a 100% undivided interest in a large area of claims in the Urban Barry area (82,400ha) of Québec, 100% interest in the Garrison project (29.2 million tonnes with an average gold grade of 1.12 g/tonne for 1,047,000 ounces) east of Matheson, Ontario, as well as additional projects in the Timmins area of Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-06 Northern Gold Mining

Toronto, Ontario, Canada

Northern Gold Mining, Inc. engages in the exploration and development of its prospective mineral properties at the Golden Bear Project in the Larder Lake Mining Division in northeastern Ontario. Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon deposits and the Buffonta property.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Niogold Mining

Vancouver, British Columbia, Canada

NioGold is a mineral exploration and development company focused on gold. NioGold's projects are located in the heart of Québec's prolific Abitibi gold mining district. The Cadillac, Malartic and Val-d'Or mining camps in this district have produced over 45 million ounces of gold since the 1930s and presently encompass six producing gold mines, including the prolific Canadian Malartic mine located adjacent to NioGold's flagship Marban project. NioGold's land holdings within the Abitibi presently cover 125 square kilometres and encompass seven former gold producers, notably the Norlartic mine, Kierens mine, Marban mine and Malartic Hygrade mine, which collectively produced 630,000 ounces of gold. NioGold's experienced and qualified technical team are overseeing the advancement of these projects, targeting expansion of the resource base and reserve definition of the Marban Block project.

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