Avion Gold Corp may be acquired by Endeavour Mining Corp

Avion Gold Corporation Announces Acquisition by Endeavour Mining Corporation and a US$20,000,000 Exchangeable Debt Financing

 

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2012) - Avion Gold Corporation ("Avion") (TSX:AVR)(OTCQX:AVGCF) is pleased to announce today that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Endeavour Mining Corporation ("Endeavour"), pursuant to which Endeavour has agreed to acquire all of the issued and outstanding common shares ("Avion Shares") of Avion by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement").

 

The management agrees to the proposal for the take over of Avion Gold Corp. With the current share price, the deal seems to be decent and attractive, however, there are analysts that suggest that Avion Gold Corp should be valued at a lot higher price and may be better off on its own. With its current price showing that it has room to move up to reach the bidding value, traders shgould be able to make a quick trade for a small and safe return as long as gold prices move to the upside.

http://www.aviongoldcorp.com/News/News-Details/2012/Avion-Gold-Corporation-Announces-Acquisition-by-Endeavour-Mining-Corporation-and-a-US20000000-Exchangeable-Debt-Financing1130/default.aspx

 

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