UPDATE: Riva Gold to be Acquired by Wildcat Silver; Riva Touches Year Lows
Riva Gold Corporation (RIV.V) has entered into a letter of intent with Wildcat Silver Corporation providing for the acquisition by Wildcat of all of the outstanding common shares of Riva in consideration for 4.7 common shares of Riva for one common share of Wildcat.
This represents a price of C$0.17 per Riva common share, which is based on the volume weighted average price of the Wildcat common shares for the 20 trading days ending March 1, 2013.
RIV was down nearly 7% to $0.145. It has touched year low $0.14 today.
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