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Resolute Mining Backs C$43M Sale of Loncor Shares to Fuel African Growth

9:09am on Wednesday 15th of October, 2025 AEDT Mining
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Resolute Mining Backs C$43M Sale of Loncor Shares to Fuel African Growth

9:09am on Wednesday 15th of October, 2025 AEDT
Key Points
  • Resolute holds 31.45 million Loncor shares valued at approximately US$31 million
  • Shares to be sold to Chengtun Mining Group in an all-cash deal at C$1.38 per share
  • Transaction expected to close by Q1 2026, subject to regulatory approvals
  • Resolute commits to vote in favor of the sale under a voting support agreement
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