Loncor Gold and Chengtun Mining Group, through its fully owned subsidiary Chengtun Gold Ontario, have entered into an arrangement agreement under which Chengtun Mining will acquire all the outstanding common shares of Loncor. Chengtun Gold Ontario will buy all the outstanding shares of Loncor for C$1.38 per share. The consideration reflects a total equity value of around C$261m on a fully diluted basis. This acquisition marks a significant investment by Chengtun in the Democratic Republic of Congo (DRC) ...