- an attractive premium of 47 percent to the closing price of St. Eugene shares on the TSX Venture Exchange on July 8, 2011 (based on Claude's July 8, 2011 closing price on the TSX);
- an excellent opportunity for the security holders of St. Eugene to realize immediate and substantial value for their St. Eugene securities;
- the logical consolidation of the Amisk Gold Project;
- the opportunity to participate in a highly liquid, diversified, quality gold producer, led by a management team with credible mine operating experience and a track record of value creation;
- immediate exposure to the strong current gold price environment through Claude's growing production and outstanding exploration upside on its three major projects; and
- a highly credible deal, subject only to customary conditions.
CLAUDE RESOURCES INC. CONFIRMS APPROACH TO ST. EUGENE MINING CORPORATION LTD.
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