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US Gold Corporation (NYSE:UXG,TSE:UXG) and Minera Andes (TSE:MAI) announced the latest information on their proposed merger.
US Gold Corporation (NYSE:UXG,TSX:UXG) and Minera Andes (TSX:MAI) announced the latest information on their proposed merger.
The press release is quoted as saying:
Based upon the input of their independent financial advisors, each special committee has directed its legal counsel to continue due diligence and begin negotiation of binding transaction agreements at a ratio of 0.45 of a US Gold common share for each 1.0 Minera Andes common share held.
Click here to read the entire news release.
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