AUX Canada Completes Acquisition of Galway
Galway Resources Ltd. (GWY.V) announced the completion of its plan of arrangement with AUX Acquisition 2 S.ar.l, its wholly-owned Ontario subsidiary, AUX Canada Acquisition 2 Inc., Galway Metals Inc. and Galway Gold Inc. Pursuant to the arrangement, AUX Canada has acquired all of the outstanding common shares of Galway for consideration, on a per common share basis, of $2.05 in cash, one common share of Galway Metals and one common share of Galway Gold.
Delisting of Galway's common shares from the TSX Venture Exchange is expected to occur shortly and an application for Galway to cease to be a reporting issuer in the provinces of British Columbia and Alberta will be filed as soon as possible.
As of December 17, 2012, the shares of Galway Metals and the shares of Galway Gold have been conditionally approved to be listed on the TSX-V under the symbols GWM and GLW, respectively.
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