Brigus Gold Commences Operations and Will Begin Trading Imminently
25 Giugno 2010 - 11:02PM
Business Wire
Brigus Gold Corp. (TSX: BRD)(NYSE Amex: BRD) (“Brigus Gold”)
announces that the business combination of Apollo Gold Corporation
(TSX: APG)(NYSE Amex: AGT) (“Apollo”) and Linear Gold Corp. (TSX:
LRR) (“Linear”) has closed and the new combined company begins
operating as Brigus Gold effective immediately.
Brigus Gold will commence trading on the Toronto Stock Exchange
(“TSX”) and NYSE Amex under the symbol “BRD” on June 28, 2010.
Brigus warrants issued in exchange for the Linear-listed warrants
will commence trading on the TSX under the symbol “BGD.WT”.
On June 25, 2010, Apollo filed articles of amendment which,
among other things, changed the name of the company to Brigus Gold
Corp., consolidated the Brigus shares, including those issued to
Linear shareholders, on the basis of one (1) post-consolidation
Brigus share for every four (4) Brigus shares outstanding
immediately prior to such consolidation. Brigus common shares will
begin trading on a post-consolidated basis. Post consolidation and
after completion of the business combination, Brigus Gold will have
approximately 129 million basic shares and 176 million fully
diluted shares outstanding.
The business combination was structured as a court-approved plan
of arrangement (the “Transaction”) under the Business Corporations
Act (Alberta) pursuant to which Apollo acquired all of the issued
and outstanding Linear shares and Linear amalgamated with 1526753
Alberta ULC (the “Apollo Sub”). Under the terms of the Transaction,
former shareholders of Linear will receive, after giving effect to
the share consolidation described above, 1.37 Brigus Gold shares
for each common share of Linear, subject to adjustment for
fractional shares. Outstanding options and warrants to acquire
Linear shares have been converted into options and warrants to
acquire Brigus Gold shares, adjusted in accordance with the same
ratio. Linear will be delisted from the TSX on June 28, 2010.
As previously announced, Wade K. Dawe is Chief Executive Officer
and President of Brigus Gold. The other officers of Brigus Gold are
Brian MacEachen, Executive Vice President and Corporate Secretary;
Melvin Williams, Chief Financial Officer and Senior Vice President,
Finance and Corporate Development; Richard F. Nanna, Senior Vice
President, Exploration; Howard Bird, Vice President, Exploration;
Brent E. Timmons, Controller and Vice President; and Wendy Yang,
Vice President, Investor Relations.
Brigus Gold also announces that its headquarters is located in
Halifax, Nova Scotia.
About Brigus Gold
Brigus Gold is a growing gold producer with a strong balance
sheet, committed to maximizing shareholder value through a strategy
of cost-effective production, mine development, exploration and
effective risk management, utilizing selective partnerships and
acquisitions. Brigus Gold operates the wholly owned flagship Black
Fox Mine in the Timmins gold district in Ontario, Canada. The Black
Fox Operations encompass the adjoining 100 percent owned,
prospective Grey Fox and Pike River properties, all in the Township
of Black River-Matheson in Ontario, Canada. Brigus Gold is
advancing the Goldfields Project near Uranium City, Saskatchewan,
which hosts the Box and Athona gold deposits. In Mexico, Brigus
Gold also has the Ixhuatan Project (100 percent Brigus Gold) in
Chiapas, southern Mexico, and the Huizopa Joint Venture, (80
percent Brigus Gold and 20 percent Minas De Coronado, S. de R.L. de
C.V.), an early stage, gold-silver exploration project,
approximately 16 kilometers (10 miles) southwest of Minefinders
Dolores gold-silver mine, in the Sierra Madres in Chihuahua. In the
Dominican Republic, Brigus Gold and Everton Resources have a joint
venture at the Ampliacion Pueblo Viejo-Loma El Marte gold
exploration projects.
Forward-looking Statements
Certain statements in this press release relating to the
proposed Merger are “forward-looking statements” within the meaning
of securities legislation. These statements include statements
about the commencement of trading and delisting of Linear shares.
Brigus Gold does not intend, nor assume any obligation, to update
these forward-looking statements, except as required by applicable
securities laws. These forward-looking statements represent
management's best judgment based on current facts and assumptions
that management considers reasonable, including that all third
party regulatory and governmental approvals to the Merger will be
obtained and all other conditions to completion of the Merger will
be satisfied or waived. Brigus Gold does not make any
representation that reasonable business people in possession of the
same information would reach the same conclusions. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the companies to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. In particular, fluctuations in the
price of gold or in currency markets could prevent the companies
from achieving their targets. Other factors are disclosed under the
heading “Risk Factors” and elsewhere in documents filed by Brigus
Gold’s predecessor companies, Apollo and Linear, from time to time
with the Toronto Stock Exchange, the NYSE Amex Equities Exchange
and, on SEDAR and with other regulatory authorities, including the
United States Securities and Exchange Commission.
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