Alkane Resources to buy Canada's Mandalay Resources in $358M deal

Bjoern Wylezich/iStock via Getty Images Australia's Alkane Resources ( OTCPK:ALKEF ) said late Sunday it agreed to acquire Canada's Mandalay Resources ( OTCQB:MNDJF ) in an all-stock deal valued at A$559.1M (~US$358M), creating a combined diversified gold and antimony producer. Under the deal terms, Mandalay ( OTCQB:MNDJF ) shareholders will.