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Argonaut Gold Acquires Castle Gold in a $102 Million Cash Deal

Published: 01/05/2010

By Angela Chu, Gregory Hogan, Cameron Mingay

On December 30, 2009, Argonaut Gold Inc. announced that Castle Gold Corporation shareholders had tendered 91 per cent of the company's stock to its offer of $1.29 per share in a deal valued at $102 million. Argonaut plans to acquire the remaining Castle shares in the first quarter of 2010, bringing the total value of the purchase to $112 million.

Cassels Brock acted for Castle Gold Corp. with a team that included Cameron Mingay (Securities and Mining), Greg Hogan (Securities) and Angela Chu (Securities).