Argonaut Gold Inc. and Prodigy Gold Inc. Complete Business Combination
11 Dezember 2012 - 1:00PM
Marketwired
Argonaut Gold Inc. ("Argonaut") (TSX:AR) and Prodigy Gold Inc.
("Prodigy") (TSX VENTURE:PDG) are pleased to announce the
completion of their previously announced plan of arrangement (the
"Arrangement").
Pursuant to the Arrangement, Argonaut has acquired all of the
issued and outstanding common shares of Prodigy ("Prodigy Shares")
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 ("Argonaut
Shares") 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. We anticipate the share
certificates representing the Argonaut Shares issued pursuant to
the Arrangement will be sent to the former Prodigy shareholders
shortly after the de-listing.
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.
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 Gold Inc. Nichole
Cowles, Investor Relations Manager (775) 284-4422 x
101nichole.cowles@argonautgold.com www.argonautgold.com
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