Claude Resources Inc. completes acquisition of St. Eugene Mining Corporation Limited "Claude Resources Inc. (TSX: CRJ.TO - News) (NYSE Amex: CGR) ("Claude") is pleased to announce the closing of the previously announced transaction whereby Claude has acquired all of the outstanding shares of St. Eugene Mining Corporation Limited (TSXV: SEM.V - News) ("St. Eugene") (that Claude does not already own). The transaction was accomplished pursuant to the terms of a court approved plan of arrangement completed under the Business Corporations Act (British Columbia) (the "Arrangement"). Under the Arrangement, Claude acquired all of the outstanding common shares of St. Eugene in exchange for the issuance of approximately 9.6 million common shares of Claude ("Claude Shares")." More | February 02
Eldorado Gold Corporation Announces Receipt of Interim Court Order and Mailing of Meeting Materials for Arrangement with European Goldfields Limited "Eldorado Gold Corporation ("Eldorado", the "Company" or "We") (TSX: ELD.TO - News)(NYSE: EGO - News)(ASX: EAU.AX - News) today announced that, in connection with the previously announced arrangement (the "Arrangement") involving the Company and European Goldfields Limited ("European Goldfields"), the Supreme Court of Yukon has granted European Goldfields an interim order to commence the process of securing European Goldfields' required approvals for the Arrangement." More | January 30
Russian Gold Billionaires Said to Consider Merging Polyus With Polymetal "The billionaire owners of Polyus Gold International Ltd. and Polymetal International Plc (POLY) are considering merging the Russian gold miners as Polyus seeks a primary listing in London, two people with knowledge of the matter said.
Any deal may be about $6.9 billion, based on the current value of Polymetal on the London Stock Exchange. Polyus has a market value of about $10 billion. The talks have been between the owners of the companies and not management, the people said, declining to be identified until a decision on whether to pursue the negotiations on combination is made." More | January 26
McEwen Mining: US Gold and Minera Andes Business Combination Completed "McEwen Mining Inc. ("McEwen Mining") is pleased to announce that the previously announced business combination (the "Combination"), pursuant to which US Gold Corporation acquired Minera Andes Inc. and was renamed McEwen Mining, has been successfully completed and closed today. The Combination was carried out by way of a plan of arrangement under the Business Corporations Act (Alberta), which was approved by the shareholders of both US Gold and Minera Andes on January 19, 2012 and the Court of Queen's Bench of Alberta on January 20, 2012." More | January 25
Agnico-Eagle completes compulsory acquisition of remaining Grayd shares "Agnico-Eagle Mines Limited ("Agnico-Eagle") announced today that it has acquired the remaining 5,032,139 common shares (the "Shares") of Grayd Resource Corporation ("Grayd") not already owned by Agnico-Eagle, representing approximately 5.23% of the outstanding Shares on a fully-diluted basis, pursuant to a previously announced compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) (the "Compulsory Acquisition"). Following completion of the Compulsory Acquisition, Agnico-Eagle now owns 96,261,039 Shares, representing 100% of the outstanding Shares on a fully-diluted basis." More | January 24
Pan American to Acquire Minefinders and Create the Leading Geographically-Diversified Silver Producer "Pan American Silver Corp. (TSX: PAA.TO - News)(NASDAQ: PAAS - News) ("Pan American") and Minefinders Corporation Ltd. (TSX: MFL.TO - News)(AMEX: MFN - News) ("Minefinders") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which Pan American will acquire all of the issued and outstanding common shares of Minefinders by way of a plan of arrangement. Under the terms of the Arrangement Agreement, Minefinders shareholders will be entitled to elect to receive, in exchange for each Minefinders share held, either: (i) 0.55 shares of Pan American and $1.84 in cash; or (ii) 0.6235 shares of Pan American; or (iii) $15.60 in cash, subject to pro-ration under total aggregate cash and share pools of approximately $176 million and approximately 53 million Pan American shares, respectively, on a fully-diluted basis. Assuming full pro-ration, Minefinders shareholders will receive 0.55 shares of Pan American and $1.84 in cash in exchange for each Minefinders share held." More | January 23
US Gold and Minera Andes Shareholders Vote to Approve Business Combination "US Gold Corporation ("US Gold") (NYSE: UXG - News)(TSX: UXG - News) and Minera Andes Inc. ("Minera Andes") (TSX: MAI.TO - News)(OTC.BB: MNEAF.OB - News) are pleased to announce that at each of their respective meetings on January 19, 2012, shareholders voted in favour of the proposed business combination between US Gold and Minera Andes, pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. ("McEwen Mining")." More | January 20
St. Eugene Shareholders Approve Transaction with Claude Resources Inc. "Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR) ("Claude" and or the "Company") is pleased to announce that St. Eugene Mining Corporation Limited (TSXV-SEM) ("St. Eugene") shareholders have approved the acquisition, by Claude, of all of the issued and outstanding shares of St. Eugene that it does not already own pursuant to a court-approved plan of arrangement (the "Arrangement"). The closing of the Arrangement is conditional on receipt of final approval from the Supreme Court of British Columbia as well as final approval from the TSX Venture Exchange." More | January 18
US Gold Responds to Settlement Offer Regarding Minera Andes' Los Azules Copper Property Litigation "US Gold Corporation ("US Gold") (NYSE: UXG - News)(TSX: UXG - News), in light of the proposed business combination between US Gold and Minera Andes Inc., wishes to respond and comment on the news release of TNR Gold Corp. (January 12, 2012) proposing a settlement for an amount of US$125 million of the litigation surrounding certain portions of Minera Andes' Los Azules Copper Project. Reference is also made to Minera Andes' news release this morning outlining the consideration by its board of directors and special committee of this offer, and the determination to reject the offer as being unreasonable." More | January 13
New Gold Closes Acquisition of Silver Quest Resources - Consolidates Ownership of Blackwater Project "New Gold Inc. ("New Gold") (TSX:NGD.TO - News) (AMEX:NGD.TO - News) and Silver Quest Resources Ltd. ("Silver Quest") (TSX.V:SQI.V - News) today announce that New Gold has completed the acquisition of all the shares of Silver Quest. Under the terms of the court approved arrangement (the "Arrangement"), 10.5 million New Gold common shares were issued to former Silver Quest securityholders on the basis of 0.09 of a New Gold share for each Silver Quest share and nominal cash consideration." More | December 23
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Mergers & Acquisitions
Saturday, March 25th: Bob Chapman, International Forecaster 
