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LionGold Completes Acquisition Of 100% of Acadian Mining Corporation

Friday, 11 Oct 2013 08:06am EDT 

Acadian Mining Corporation and LionGold Corp. Ltd announced that they concluded the arrangement by which LionGold, through its wholly-owned subsidiary LionGold Mining Canada Inc acquired all of the common shares of Acadian that it did not already own. Effective today, LionGold directly or indirectly owns 100% of the outstanding shares of Acadian. This announcement comes following the approval of the Arrangement by the Company's shareholders on October 3, 2013 and the issuance of a final order of the Supreme Court of Nova Scotia on October 4, 2013 approving the Arrangement. Under the Arrangement, Acadian shareholders (other than LionGold and its affiliates) received C$0.12 in cash for each Acadian Share. 

Company Quote

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10 Oct 2013