Argonaut Gold and Prodigy Gold Shareholders Approve Plan of
TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA -- (Marketwire) --
12/07/12 -- Argonaut Gold Inc. ("Argonaut") (TSX:AR) and Prodigy Gold
Inc. ("Prodigy") (TSX VENTURE:PDG)(FRANKFURT:KX3) are pleased to
announce that their respective shareholders have approved the
previously announced plan of arrangement whereby Argonaut will
acquire all of the issued and outstanding common shares of Prodigy.
At their respective special shareholders' meetings held earlier
today, 99.93% of the Argonaut shares voted were voted in favour of
the ordinary resolution authorizing the issuance of Argonaut common
shares in connection with the plan of arrangement and 98.11% of the
Prodigy shares voted were voted in favour of the special resolution
approving the Arrangement.
Trading of Prodigy shares is expected to be halted, in advance of
closing, prior to market open on December 11, 2012. Therefore, the
last day to trade Prodigy shares is expected to be Monday, December
If the required court and stock exchange approvals are obtained and
other remaining conditions to closing are satisfied, the Arrangement
is anticipated to complete on or about December 11, 2012.
This press release contains certain "forward-looking statements" and
"forward-looking information" under applicable Canadian securities
laws concerning the proposed plan of arrangement (the "Arrangement")
between Argonaut and Prodigy. Forward-looking statements are based on
the opinions and estimates of management at the date the statements
are made, and are based on a number of assumptions and subject to a
variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in
the forward-looking statements. Assumptions upon which such
forward-looking statements are based include that all required third
party, court, regulatory and governmental approvals to the
Arrangement will be obtained and all other conditions to completion
of the Arrangement will be satisfied or waived. Many of these
assumptions are based on factors and events that are not within the
control of Argonaut or Prodigy and there is no assurance they will
prove to be correct.
Factors that could cause actual results to vary materially from
results anticipated by such forward-looking statements include
inability of Argonaut and Prodigy to obtain all required third party,
court, regulatory and governmental approvals to the Arrangement or to
satisfy all other conditions to completion of the Arrangement.
Although Argonaut and Prodigy have each attempted to identify
important factors that could cause actual actions, events or results
to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results not to be anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from
those anticipated in such statements. Argonaut and Prodigy undertake
no obligation to update forward-looking statements if circumstances
or management's estimates or opinions should change except as
required by applicable securities laws. The reader is cautioned not
to place undue reliance on forward-looking statements.
Neither the TSX nor the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Investor Relations Contact: Argonaut
Investor Relations Manager
(775) 284-4422 x 101
Investor Relations Contact: Prodigy
Brian J. Maher
President and Chief Executive Officer
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