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PMI Gold Corporation Updates On Merger Agreement With Keegan Resources Inc


Friday, 1 Feb 2013 05:34am EST 

PMI Gold Corporation and Keegan Resources Inc. announced that it has entered into a definitive arrangement agreement, under which both companies will combine their respective businesses to create a West African gold development company. The combined company will continue under the name Asanko Gold Inc. (Asanko) - a name which reflects the West Ghana region in which the two companies hold their principal gold projects - and is expected to have an aggregate market capitalization in the $700 million range. Each company's Board of Directors has unanimously approved the terms of the proposed Merger and recommends that their respective shareholders vote in favour of the Merger. In addition, directors and officers of both companies have entered into voting lock-up agreement to vote in favour of the Merger. 

Company Quote

0.48
0.03 +6.67%
10 Feb 2014