Gold major Gold Fields has divested its entire holding in Toronto-listed Galiano Gold, selling 50.47-million common shares in a C$151.4-million transaction. The shares, representing about 19.5% of Galiano’s issued and outstanding equity, were sold on September 23 in a bought-deal block trade to BMO Capital Markets, Scotiabank and CIBC Capital Markets, at C$3.00 apiece.Prior to the sale, 21.97-million shares were held by subsidiary Marsh Holdings and 28.5-million shares by Gold Fields Orogen Holding. Following the transaction, neither entity owns or controls any Galiano securities. Gold Fields said the divestment was ... (full story)