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Bolivar Gold Corp. Acquired by Gold Fields Limited for $450 Million
On February 28, 2006, all of the securities of Bolivar Gold Corp. (TSX: BGC), a gold exploration, development and production company with primary exploration properties located in El Callao, Venezuela, were acquired by Gold Fields Limited (NYSE: GFI) of South Africa for approximately Cdn$450 million in cash. The acquisition was completed by way of a Plan of Arrangement under the
Business Corporations Act(Yukon).
Wildeboer Dellelce LLP represented Bolivar Gold Corp. with a team that included Perry Dellelce, Vaughn MacLellan, Rob Wortzman, Mark Wilson, Lisa Cunningham and Sanjeev Patel (corporate and securities) and Kevin Fritz (tax).
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