PMI Gold shares soar almost 45% on news of acquisition offer by Asanko Gold - InfoNews

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PMI Gold shares soar almost 45% on news of acquisition offer by Asanko Gold

December 17, 2013 - 2:17 PM

VANCOUVER - Stock in PMI Gold Corp. (TSX:PMV) is up almost 45 per cent after the company said it is being acquired by Asanko Gold Inc. (TSX:AKG) in a share-swap deal. PMI says Asanko is offering 0.21 of a common share for each PMI share, which would value PMI shares at just over 44 cents apiece, a 79 per cent premium to their 20-day volume weighted average. Following completion of deal, PMI and Asanko shareholders would each hold about 50 of the combined company.

News from © The Canadian Press, 2013
The Canadian Press

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