Precious Metals M&A » By The Online Investor Staff, updated Fri., Apr. 26, 2:03 PM
Recent mergers and acquisitions in the Precious Metals M&A category.
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Slide #20. GoGold Resources Inc. — Animas
Acquirer:
GoGold Resources Inc. (TSE:GGD.CA)
Acquiree:
Animas
Details:
GoGold Resources Inc. (TSX: GGD) ("GoGold") today announced that it has been informed by the depositary for the offer that, as of its expiration at 7:00 p.m. (Toronto time) on February 28, 2014, a total of 60,187,546 common shares ("Animas Shares") of Animas Resources Ltd. (TSXV: ANI) ("Animas") and 12,500,000 share purchase warrants ("Animas Warrants"), representing in the aggregate 82.8% of the outstanding Animas Shares (on a fully diluted basis), had been validly tendered to GoGold's offer (the "Offer") to acquire all of the outstanding Animas Shares and Animas Warrants. The Offer has expired and will not be extended. GoGold has taken up and accepted for payment all such Animas Shares and Animas Warrants and will pay for such Animas Shares and Animas Warrants on or before March 5, 2014. Following the acquisition of such Animas Shares and Animas Warrants, GoGold will own and control 84% of the outstanding Animas Shares and all Animas Warrants, representing approximately 82.8% of the outstanding Animas Shares (on a fully diluted basis). GoGold will acquire the Animas Shares and Animas Warrants pursuant to a take-over bid offer dated January 23, 2014 and in reliance on Section 2.16 of National Instrument 45-106 - Prospectus and Registration Exemptions. Animas had 10,213,639 shares held by shareholders resident in US states which pursuant to US securities regulations were not permitted to receive the Offer by mail. Therefore, of shares eligible to receive the Offer, 98.0% validly tendered their shares (not taking into account any variances in US holders after the Offer).
GoGold Resources principal business is the discovery, exploration and development of large tonnage, low cost, gold, silver, copper and molybdenum deposits primarily in Mexico and Canada.
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