Argonaut Gold and Prodigy Gold Receive Final Court Approval of Plan of Arrangement
08 Dezember 2012 - 3:26AM
Marketwired
Argonaut Gold Inc. ("Argonaut") (TSX:AR) and Prodigy Gold Inc.
("Prodigy") (TSX VENTURE:PDG) are pleased to announce that the
Supreme Court of British Columbia has today granted the final order
approving the previously announced plan of arrangement whereby
Argonaut will acquire all of the issued and outstanding common
shares of Prodigy.
Accordingly, as previously announced, trading of Prodigy shares
will be halted before market opens on December 11, 2012, and will
not resume if the transaction is completed. If the required stock
exchange approvals are obtained and other remaining conditions to
closing are satisfied, the plan of arrangement is anticipated to be
completed 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, 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, 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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