Press Releases
Brigus Gold Commences Operations And Will Begin Trading Imminently
Brigus Gold Corp. (TSX: BRD)(NYSE Amex: BRD) (“Brigus Gold”) announces that the business combination of Apollo Gold Corporation (TSX: APG)(NYSE Amex: AGT) (“Apollo”) and Linear Gold Corp. (TSX: LRR) (“Linear”) has closed and the new combined company begins operating as Brigus Gold effective immediately.
Brigus Gold will commence trading on the Toronto Stock Exchange (“TSX”) and NYSE Amex under the symbol “BRD” on June 28, 2010. Brigus warrants issued in exchange for the Linear-listed warrants will commence trading on the TSX under the symbol “BGD.WT”. On June 25, 2010, Apollo filed articles of amendment which, among other things, changed the name of the company to Brigus Gold Corp., consolidated the Brigus shares, including those issued to Linear shareholders, on the basis of one (1) post-consolidation Brigus share for every four (4) Brigus shares outstanding immediately prior to such consolidation. Brigus common shares will begin trading on a post-consolidated basis. Post consolidation and after completion of the business combination, Brigus Gold will have approximately 129 million basic shares and 176 million fully diluted shares outstanding. The business combination was structured as a court-approved plan of arrangement (the “Transaction”) under the Business Corporations Act (Alberta) pursuant to which Apollo acquired all of the issued and outstanding Linear shares and Linear amalgamated with 1526753 Alberta ULC (the “Apollo Sub”). Under the terms of the Transaction, former shareholders of Linear will receive, after giving effect to the share consolidation described above, 1.37 Brigus Gold shares for each common share of Linear, subject to adjustment for fractional shares. Outstanding options and warrants to acquire Linear shares have been converted into options and warrants to acquire Brigus Gold shares, adjusted in accordance with the same ratio. Linear will be delisted from the TSX on June 28, 2010. As previously announced, Wade K. Dawe is Chief Executive Officer and President of Brigus Gold. The other officers of Brigus Gold are Brian MacEachen, Executive Vice President and Corporate Secretary; Melvin Williams, Chief Financial Officer and Senior Vice President, Finance and Corporate Development; Richard F. Nanna, Senior Vice President, Exploration; Howard Bird, Vice President, Exploration; Brent E. Timmons, Controller and Vice President; and Wendy Yang, Vice President, Investor Relations.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
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