Welcome To The Argonaut Gold Inc. HUB On AGORACOM

"Friendly aquisition" of Prodigy Gold (Oct. 2012) / > 100k ounces in 2012

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When will we be able to actually trade our brand new Argonaut shares? I wish to be ready if they do rise significantly in the very near future.

Argonaut Gold Inc. ("Argonaut") (TSX: AR) and Prodigy Gold Inc. ("Prodigy") (TSX VENTURE: PDG) are pleased to announce the completion of their previously announced plan of arrangement (the "Arrangement").

Pursuant to the Arrangement, Argonaut has acquired all of the issued and outstanding common shares of Prodigy ("Prodigy Shares") in a transaction valued at approximately $341 million. In accordance with the Arrangement, former Prodigy shareholders are entitled to receive 0.1042 of a common share of Argonaut ("Argonaut Shares") and $0.0001 in cash per Prodigy Share. Outstanding options to acquire Prodigy Shares have been converted into options to acquire Argonaut Shares, adjusted in accordance with the same ratio. The Prodigy Shares will be de-listed from the TSX Venture Exchange as of the date hereof. We anticipate the share certificates representing the Argonaut Shares issued pursuant to the Arrangement will be sent to the former Prodigy shareholders shortly after the de-listing.

Sent shortly after the delisting. The delisting is today.

Doc

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