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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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