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Argonaut Gold Inc And Prodigy Gold Inc. Complete Business Combination

Tuesday, 11 Dec 2012 07:00am EST 

Argonaut Gold Inc and Prodigy Gold Inc. announce the completion of their previously announced plan of arrangement. Pursuant to the arrangement, Argonaut has acquired all of the issued and outstanding common shares of Prodigy in a transaction valued at approximately $341 million. In accordance with the arrangement, former Prodigy shareholders are entitled to receive 0.1042 of a common share of Argonaut and $0.0001 in cash per Prodigy Share. Outstanding options to acquire Prodigy Shares have been converted into options to acquire Argonaut Shares, adjusted in accordance with the same ratio. The Prodigy Shares will be de-listed from the TSX Venture Exchange as of the date hereof. 

Company Quote

-0.24 -5.94%
17 Apr 2014