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M&A / Property

Loncor Gold closes $267-million going private deal

By The Northwire Desk — AI Analysis Feb 11, 2026 · 16:09 LN · 1.37 Loncor Gold Inc
LN · Price

Executive Summary

  • Loncor Gold Inc. has closed its going private transaction with Chengtun Gold Ontario Inc., an affiliate of Chengtun Mining Group Co. Ltd.
  • The purchaser acquired all issued and outstanding common shares of Loncor Gold at a price of $1.38 per share.
  • Following the transaction, Loncor shares will be delisted from the TSX, Frankfurt Stock Exchange, and OTCQX, and the company has applied to cease being a reporting issuer in Canada.

Key Details

  • Transaction Structure: Going private transaction via arrangement agreement.
  • Acquirer: Chengtun Gold Ontario Inc. (affiliate of Chengtun Mining Group Co. Ltd.).
  • Consideration: $1.38 per common share.
  • Total Shares Acquired: 183,660,846 shares (representing 100% of issued and outstanding shares).
  • Pre-Transaction Holdings: The purchaser held or exercised control over nil securities immediately prior to completion.
  • Post-Transaction Holdings: The purchaser owns all 183,660,846 shares.
  • Delisting: Shares delisted from TSX, Frankfurt Stock Exchange, and OTCQX Market.
  • Regulatory Status: Company applied to cease being a reporting issuer in applicable Canadian jurisdictions.
  • Governance Changes: All previous directors resigned; Shing Yip Iu was elected as a director.
  • Disclosure: An early warning report containing additional information will be filed with securities regulators.

Notable Quotes

  • None provided in the text.
Read the original news release →

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