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