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UPDATE: Premier Gold Mines Up Another 3% as Moves To Buy Goldstone Resources, Which Is Up 21%

Premier Gold Mines Ltd. (PG.TO) and Goldstone Resources Inc. (GRC.TO) have entered into a definitive agreement whereby Premier will acquire, by way of a plan of arrangement, all of the outstanding common shares of Goldstone.

Premier is up another 15 cents or 3% at $5.40 today, adding to the 32 cents or 6.5% gained yesterday but off a day high $5.57 struck today. Goldstone is up 15 cents or 21% at 86 cents.

Under the arrangement, each Goldstone shareholder will receive 0.16 of a Premier share plus $0.0001 in cash for each Goldstone share held. The number of Premier shares to be issued will be approximately 16.7 million based on Goldstone's currently outstanding common shares.

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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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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