Wednesday, 21 May 2014

WSJ Canada: Canada Stocks to Watch:Rio Alto, Sulliden

Canadian miners Rio Alto Mining Ltd.RIO.T -7.98% and Sulliden Gold Corp.SUE.T +33.33% have agreed to merge, creating a midtier gold producer focused on mining operations in Peru where the companies own adjacent projects. Sulliden shareholders will get 0.525 of a Rio Alto share for each share held, plus 0.10 of a share in spinoff company.

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