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M&A / Property

Loncor Gold receives final court OK for arrangement

By The Northwire Desk — AI Analysis Dec 16, 2025 · 18:00 LN · 1.35 Loncor Gold Inc
LN · Price

Executive Summary

  • Loncor Gold Inc. has received final approval from the Ontario Superior Court of Justice for its plan of arrangement with Chengtun Mining Group Co., Ltd.
  • Under the arrangement, Chengtun Gold Ontario Inc., a wholly owned subsidiary of Chengtun Mining, will acquire all issued and outstanding common shares of Loncor Gold.
  • The transaction was previously announced on October 14, 2025, and shareholder approval was obtained at a meeting held on December 11, 2025.

Key Details

  • Transaction Structure: Plan of arrangement pursuant to which Chengtun Gold Ontario Inc. (wholly owned subsidiary of Chengtun Mining Group Co., Ltd., SSE: 600711) acquires all issued and outstanding common shares of Loncor Gold Inc.
  • Regulatory Approval: Final order granted by the Ontario Superior Court of Justice (commercial list).
  • Shareholder Approval: Meeting of shareholders held on December 11, 2025.
  • Conditions to Closing: Closing remains subject to the satisfaction or waiver of remaining conditions contained in the arrangement agreement dated October 14, 2025.
  • Documentation: Details provided in the information circular available on SEDAR+ and EDGAR.

Notable Quotes

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

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