Nevada-focused Victoria, Gateway, agree to merger

摘要

Victoria Gold (VIT-V, VITFF-O) will acquire all of the outstanding shares of Gateway Gold (GTQ-T, GWYGF-O) in a friendly merger that will produce a Nevada-focused explorer with one advanced-stage project. Gateway shareholders will receive one Victoria share for every pair of Gateway shares held. The two-to-one exchange represents a 20 percent premium over the 30-day, volume-weighted average share prices of both companies. All remaining warrants, options, or other rights to acquire Gateway shares will be considered on the same share exchange ratio basis.