JOHANNESBURG (miningweekly.com) – Johannesburg-listed Pallinghurst Resourceson Wednesday confirmed the closing of acceptances for its acquisition of coloured gemstones mining and marketing company Gemfields.

The diversified mining company will now seek to contact any Gemfields shareholders who have not yet accepted the offer in terms of Pallinghurst’s right to acquire all remaining Gemfields shares.

Pallinghurst had received valid acceptances for 334.5-million Gemfields shares, which represented about 59.75% of its existing issued share capital.

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