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Itafos and GB Minerals Ltd. entered into a definitive arrangement agreement for Itafos to acquire all outstanding common shares of GB Minerals, which owns the Farim phosphate project in Guinea-Bissau. Shareholders can elect to receive Itafos shares or a combination of cash and shares.
“Itafos and GB Minerals Ltd. are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Itafos will acquire all of the issued and outstanding common shares of GB Minerals.”itafos.com
Summarized from public sources; check the original articles before acting on it.