Katanga Mining delists from the Canadian stock exchange
Listed on the Toronto Stock Exchange, Katanga Mining, the Congolese mining subsidiary of Switzerland’s Glencore, will soon be delisted. In a press release issued on April 22, the company announced that it will soon be merged with another entity of the group, 836074 Yukon. Shareholders other than Glencore will be offered C$0.16 in cash for each common share held prior to the merger, a 100% premium to the last closing price on April 21.