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Fortuna completes acquisition of Chesser, strengthening West African presence

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Canadian precious metals minerFortuna has closed the previously announced acquisition of gold exploration company Chesser Resources. Fortuna acquired 100% of the fully paid ordinary shares of Chesser in consideration for about 0.02 of one common share of Fortuna (each whole share) for each Chesser share held.

Canadian precious metals minerFortuna has closed the previously announced acquisition of gold exploration company Chesser Resources.

On closing, Fortuna issued 15 545 368 Fortuna shares in exchange for the Chesser shares, representing about 5.1% of the resulting issued and outstanding Fortuna shares on an undiluted basis.

 

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