| 26 May 2016 - Final Court Approval received for Argentex Acquisition | |
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79104e43-3ecd-4936-b143-bc7cfb99a544.pdf
MEDIA RELEASE
Austral Gold Limited
26 May 2016
ARGENTEX ACQUISITION BY AUSTRAL GOLD RECEIVES FINAL COURT APPROVAL
Austral Gold Limited ("Austral Gold") (ASX:AGD) and Argentex Mining Corporation ("Argentex") (TSX-V:ATX, OTCPINK:AGXMF) are pleased to announce that the Supreme Court of British Columbia has issued a final order approving the Plan of Arrangement pursuant to which Austral Gold proposes to acquire all of the issued and outstanding common shares of Argentex that are not already owned by Austral Gold and its subsidiaries, in exchange for ordinary shares of Austral Gold ("Austral Gold Shares"). As announced previously, the Argentex security holders approved the Plan of Arrangement at a special meeting held on 17th May 2016.
The companies will now focus on satisfying the remaining conditions to closing including, among other things, approval by the TSX-Venture Exchange of Austral Gold's application to list the Austral Gold Shares. The companies expect to complete the Plan of Arrangement within the next few weeks.
For additional information concerning the Plan of Arrangement and Austral Gold, please refer to the Argentex management information circular dated April 13, 2016, which was filed on April 18, 2016 under the company's issuer profile on SEDAR at www.sedar.com.
For additional information please contact:
Austral Gold Limited ABN 30 075 860 472 ASX:AGD
Suite 203, 80 William St, Sydney NSW 2011 | T +61 2 9380 7233 | F +61 2 8354 0992 | [email protected] | www.australgold.com.au
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CODE : AGD.AX |
ISIN : AU000000AGD4 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Austral Gold is a gold producing company based in . Austral Gold produces gold, copper and silver in Chile, and holds various exploration projects in Chile. Its main asset in production is GUANACO MINE in Chile. Austral Gold is listed in Australia. Its market capitalisation is AU$ 10.4 millions as of today (US$ 7.0 millions, € 6.3 millions). Its stock quote reached its highest recent level on November 28, 1997 at AU$ 9.80, and its lowest recent point on September 05, 2024 at AU$ 0.02. Austral Gold has 518 979 968 shares outstanding. |