Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) announced that they have acquired Urastar Gold Corp. (TSXV:URS, OTCQX:URNRF).
As quoted in the press release:
Under the terms of the Arrangement, each Shareholder will receive in exchange for each Common Share held, C$0.25 in cash. Holders of in-the-money Warrants that have not otherwise exercised their in-the-money-Warrants will receive C$0.15 in cash for each in-the-money-Warrant held. Out-of-the-money Warrants and Options will be cancelled as part of the Arrangement. Registered Shareholders and in-the-money Warrantholders should follow the instructions contained in Urastar’s management information circular dated April 8, 2013 in order to receive the consideration to which they are entitled pursuant to the Arrangement.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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