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PMI Gold Corporation And Keegan Resources Inc. Agrees To Terminate Merger Plans


Monday, 18 Feb 2013 05:20pm EST 

PMI Gold Corporation announced that the Company and Keegan Resources Inc. have terminated the arrangement agreement (the Arrangement Agreement) they entered into on December 5, 2012 in accordance with its terms. This decision comes as a result of the mutual determination of PMI and Keegan that it is unlikely that PMI’s shareholders will approve the transactions contemplated by the Arrangement Agreement. The termination of the Arrangement Agreement is not on account of any differences arising between the respective boards about valuation issues or on account of any new facts having come to their attention. PMI and Keegan have agreed that no termination fee will be payable as a result of the mutual termination of the Arrangement Agreement and the parties have released each other from all obligations in respect of the Arrangement Agreement. 

Company Quote

0.48
0.03 +6.67%
10 Feb 2014