Brief: Ashanti Gold And Desert Gold Announce Definitive Combination Agreement
01/04/2019 13:27
April 1 (Reuters) - Ashanti Gold Corp AGZ.V :
* ASHANTI GOLD AND DESERT GOLD ANNOUNCE DEFINITIVE
COMBINATION
AGREEMENT
* ASHANTI GOLD CORP - ALL OF ISSUED AND OUTSTANDING ASHANTI
SHARES
WILL BE EXCHANGED ON BASIS OF 0.2857 DESERT GOLD COMMON SHARES
FOR EACH ASHANTI SHARE
* ASHANTI GOLD CORP - PROPOSED TRANSACTION VALUE IS
APPROXIMATELY
CAD $3.8 MILLION ON A FULLY DILUTED IN-THE-MONEY BASIS
Source text for Eikon: ID:nGNXbsgS7y
Further company coverage: AGZ.V
((Reuters.Briefs@thomsonreuters.com;))
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