Bema completes Norgold acquisition

The acquisition of the remaining outstanding shares of Norgold Resources has been completed by Bema Gold (TSE).

Bema acquired 93% of Norgold’s outstanding shares under a takeover bid earlier this year, issuing each Norgold shareholder 0.4 common shares of Bema for each Norgold share.

Pursuant to the compulsory acquisition provisions of the British Columbia Company Act, the remaining 368,258 shares have been exchanged on the same terms.

Bema intends to apply to the Vancouver Stock Exchange to voluntarily delist Norgold.