Argonaut Gold and Prodigy Gold Shareholders Approve Plan of Arrangement
07 Dezember 2012 - 1:00PM
Marketwired
Argonaut Gold Inc. ("Argonaut") (TSX:AR) and Prodigy Gold Inc.
("Prodigy") (TSX VENTURE:PDG)(FRANKFURT:KX3) are pleased to
announce that their respective shareholders have approved the
previously announced plan of arrangement whereby Argonaut will
acquire all of the issued and outstanding common shares of
Prodigy.
At their respective special shareholders' meetings held earlier
today, 99.93% of the Argonaut shares voted were voted in favour of
the ordinary resolution authorizing the issuance of Argonaut common
shares in connection with the plan of arrangement and 98.11% of the
Prodigy shares voted were voted in favour of the special resolution
approving the Arrangement.
Trading of Prodigy shares is expected to be halted, in advance
of closing, prior to market open on December 11, 2012. Therefore,
the last day to trade Prodigy shares is expected to be Monday,
December 10, 2012.
If the required court and stock exchange approvals are obtained
and other remaining conditions to closing are satisfied, the
Arrangement is anticipated to complete on or about December 11,
2012.
Forward-Looking Statements
This press release contains certain "forward-looking statements"
and "forward-looking information" under applicable Canadian
securities laws concerning the proposed plan of arrangement (the
"Arrangement") between Argonaut and Prodigy. Forward-looking
statements are based on the opinions and estimates of management at
the date the statements are made, and are based on a number of
assumptions and subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
Assumptions upon which such forward-looking statements are based
include that all required third party, court, regulatory and
governmental approvals to the Arrangement will be obtained and all
other conditions to completion of the Arrangement will be satisfied
or waived. Many of these assumptions are based on factors and
events that are not within the control of Argonaut or Prodigy and
there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from
results anticipated by such forward-looking statements include
inability of Argonaut and Prodigy to obtain all required third
party, court, regulatory and governmental approvals to the
Arrangement or to satisfy all other conditions to completion of the
Arrangement. Although Argonaut and Prodigy have each attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Argonaut and Prodigy undertake no obligation to update
forward-looking statements if circumstances or management's
estimates or opinions should change except as required by
applicable securities laws. The reader is cautioned not to place
undue reliance on forward-looking statements.
Neither the TSX nor the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Investor Relations Contact: Argonaut Nichole Cowles
Investor Relations Manager (775) 284-4422 x
101nichole.cowles@argonautgold.com www.argonautgold.com Investor
Relations Contact: Prodigy Brian J. Maher President and Chief
Executive Officer (604) 688-9006ir@prodigygold.com
www.prodigygold.com
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