Allied and Zijin Receive Approval for C$5.5 Billion Merger
Allied Gold Corporation and Zijin Gold International have received approval for their merger under the Investment Canada Act, completing the Canadian regulatory process. The merger, valued at C$5.5 billion, also received clearance from the Economic Community of West African States and the Common Market for Eastern and Southern Africa. The transaction involves Zijin acquiring all of Allied's issued and outstanding share capital. While approvals from African host countries are either obtained or in advanced stages, Chinese regulatory approval is still pending. The merger's completion date has been extended to July 29 to accommodate these processes. 
