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  6. Oban Mining Acquires Niogold Mining

M&A Deal Summary

Oban Mining Acquires Niogold Mining

On January 11, 2016, Oban Mining acquired metals/mining company Niogold Mining

Acquisition Highlights
  • This is Oban Mining’s 2nd transaction in the Metals/Mining sector.
  • This is Oban Mining’s 2nd transaction in Canada.
  • This is Oban Mining’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2016-01-11
Target Niogold Mining
Sector Metals/Mining
Buyer(s) Oban Mining
Deal Type Add-on Acquisition
Advisor(s) Cormark Securities (Financial)
Lavery, de Billy (Legal)

Target

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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Buyer(S) 1

Buyer

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 2 of 2
Sector: Metals/Mining M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: British Columbia M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 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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