Shanta Gold Ltd's (AIM:SHG, OTC:SAAGF) takeover by Saturn Resources has received unconditional approval from the Tanzanian Fair Competition Commission.
Last week shareholders backed the deal and completion now requires receipt of regulatory approvals from the Tanzanian Mining Commission and the Cabinet Secretary for Mining, Blue Economy and Maritime Affairs in Kenya and the sanctioning of the Scheme at the Court Hearing.
The acquisition is expected to become effective in the first half of 2024.