Last week we saw three straight days of M&A announcements within the mining sector, and this week appears to be off to a similar start.

On Sunday evening, Mandalay Resources (TSX: MND) announced that it would be partaking in a merger with that of the ASX-listed Alkane Resources, starting off a second straight week of M&A activity within the gold space.

But unlike some of the transactions announced last week, this one doesn’t sound all that enticing for shareholders.

Let’s dive in.

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