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China Hanking closes Primary Gold acquisition

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China Hanking closes Primary Gold acquisition

China Hanking Holdings Ltd. completed its acquisition of Primary Gold Ltd., according to a June 12 release.

In February, China Hanking unit Hanking Australia Investment Pty. Ltd. agreed to acquire all of Primary Gold's issued shares at 5.75 Australian cents apiece, valuing the shares at A$37.5 million. The offer became unconditional in April.

Primary Gold's main assets include the Mount Bundy gold property in Australia's Northern Territory.