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Article: Solitario Exploration & Royalty and Metallic Ventures Gold Inc. Amend Arrangement Agreement to Acquire All Outstanding Shares of Metallic Ventures.
- Article from:
- Business Wire
- Article date:
- October 13, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER -- Solitario Exploration & Royalty Corp. (NYSE Amex: XPL) (TSX: SLR) ("Solitario") and Metallic Ventures Gold Inc. (TSX: MVG) ("Metallic Ventures") today announced entering into an amendment (the "Amendment") to their definitive arrangement agreement (the "Agreement") dated August 24, 2009, whereby Solitario increased its bid to acquire, through a friendly plan of arrangement, all outstanding shares of Metallic Ventures.
The Amendment provides for increasing the number of shares Solitario will issue to Metallic Ventures shareholders from 17.0 million to 19.5 million and the cash consideration from US$15.5 million to US$18 million. In the event that the ...