Canada Fluorspar's investors OK sale to Golden Gate Capital
Shareholders of Canada Fluorspar Inc (TSX Venture: CFI) (OTC: CNDFF) have voted 99.8% in favour of the previously announced acquisition of the company by an affiliate of U.S. private equity firm Golden Gate Capital. Subject to court approval and other requirements, Canada Fluorspar will be bought for $0.35 per common share, or an estimated $38.8 million. The final close is expected to occur before the end of May. Based in St. John's, Newfoundland, Canada Fluorspar is a specialty mineral resource company engaged in the development of fluorspar deposits located in Atlantic Canada.
22 May 2014•4 mins read
