Premier Gold Mines, Goldstone Resources Complete Merger; Goldstone Delists Tomorrow
Premier Gold Mines Ltd. (PG.TO) and Goldstone Resources Inc. (GRC.TO) have completed their merger with Premier last night acquiring all of Goldstone's outstanding shares.
Goldstone shareholders signed off on the $108.5 million stock-and-cash transaction last week, consolidating ownership of the Hardrock project in Ontario and also expanding Premier's holdings in the Geraldton-Beardmore Greenstone Belt, including the Brookbank Deposit that is believed to contain at least 425,000 oz. of gold.
Goldstone shares, which closed yesterday at $1.24 each, likely will delist from the Toronto Stock Exchange at the close of business on Thursday.
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