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Black Cat settles final payment of Lakewood acquisition
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Black Cat settles final payment of Lakewood acquisition
Image: Maksym/stock.adobe.comBlack Cat Syndicate has settled the final cash payment for its acquisition of the Lakewood processing facility, using operating cash flow to maintain a debt-free status. The $85 million deal, struck with Westgold in March this year, comprised of $15 million worth of Black Cat shares and $70 million in staged cash payments. The second and final staged payment for $25 million was made, as scheduled, on November 30. It …
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