Pharma Investments, Ventures & Law Weekly
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Guyana Goldfields Inc.
Guyana Goldfields Inc. to acquire Aranka Gold Inc.
December 21st, 2008
Guyana Goldfields Inc. ("Guyana") (TSX: GUY) and Aranka Gold Inc. ("Aranka") (TSX-V: ARK) are pleased to announce that they have entered into a binding agreement, pursuant to which Guyana will seek to acquire all of the issued and outstanding common shares of Aranka under a court approved plan of arrangement in Canada (the "Arrangement"). Pursuant to the Arrangement, shareholders of Aranka will receive one (1) common share of Guyana in exchange for 3.25 common shares of Aranka. All of the outstanding 1,700,000 options of Aranka will be cancelled and its option plan will be terminated. The consideration to be received by the Aranka shareholders under the Arrangement...
Source: Pharma Investments, Ventures & Law Weekly (2008-12-21)
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