BlackGold shares surge 66.7% following proposed strategic collaboration and acquisition from S Lad Group

Felicia Tan
Felicia Tan7/2/2020 09:15 AM GMT+08  • 2 min read
BlackGold shares surge 66.7% following proposed strategic collaboration and acquisition from S Lad Group
BlackGold announced Wednesday that it received a letter of intent (LOI) from S Lad Group for a proposed strategic collaboration on the company’s mining assets, and acquisition of the company.
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SINGAPORE (July 2): Shares in BlackGold Natural Resources surged 66.7% when markets opened Thursday morning following the announcement of its proposed strategic business collaboration and acquisition of the company by Indian conglomerate S Lad Group on Wednesday evening, after markets closed.

BlackGold announced Wednesday that it received a letter of intent (LOI) from S Lad Group for a proposed strategic collaboration on the company’s mining assets, and acquisition of the company.

The S Lad Group is led by the former minister of government of Karnataka, Shri. Shantosh S Lad, and is one of the oldest and largest suppliers of iron ore from the South Indian state of Karnataka.

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