Paragon Minerals Enters Definitive Agreement with Canadian Zinc
Paragon Minerals Corporation(TSXV:PGR) announced entering into a definitive agreement with the Canadian Zinc Corporation. Under the terms of agreement, Canadian Zinc will acquire all Paragon’s outstanding common shares in exchange for common shares of Canadian Zinc.
As quoted in the press release:
aragon shareholders will receive, in exchange for each Paragon share held, 0.136 shares of Canadian Zinc (the “Exchange Ratio”). The consideration represents a total of CDN$0.061 per Paragon share, based on the volume weighted average price of Canadian Zinc shares on the TSX for the 30 trading days ended July 20, 2012 and a premium of 52% to the volume weighted average price of Paragon shares on the TSX-Venture for the same period.
Paragon Minerals, President and CEO, Michael Vande Guchte, commented:
Canadian Zinc is a well-funded Canadian exploration and development company that is in the process of putting its high grade Prairie Creek silver-lead-zinc deposit into production. Given the prevailing market conditions, it is the Board and management’s view that Paragon shareholders will benefit from Canadian Zinc’s financial strength and development expertise in unlocking shareholder value in Paragon’s base metal assets. The transaction provides Paragon shareholders with the opportunity to participate in the future potential of a near-term producer with a portfolio of production, development and exploration assets.
Click here to read the Paragon Minerals Corporation (TSXV:PGR) press release
Click here to see the Paragon Minerals Corporation (TSXV:PGR) profile
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1846.53 | +0.13 | |
Silver | 21.75 | +0.03 | |
Copper | 4.30 | +0.02 | |
Palladium | 1968.65 | +11.53 | |
Platinum | 957.67 | +3.19 | |
Oil | 110.35 | -1.86 | |
Heating Oil | 3.62 | -0.05 | |
Natural Gas | 8.06 | -0.25 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â