Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (106793)	6/23/2002 12:27:38 PM
From: Jim Bishop	Respond to of 150070

MNG.T (MDG) MERIDIAN GOLD INC.: Completion Of The Acquisition By Brancote Of The Minority Interest In Minera El Desquite SA -``ME''- RECOMMENDED SHARE EXCHANGE OFFER BY MERIDIAN GOLD INC. FOR BRANCOTE HOLDINGS PLC (THE "OFFER") TORONTO--(BUSINESS WIRE)--June 21, 2002-- Meridian Gold Inc. ("Meridian") (NYSE:MDG - News; TSX:MNG) and Brancote Holdings PLC ("Brancote") are pleased to announce the completion of the acquisition by Brancote of the minority interests in MED. In accordance with the terms of the sale and purchase agreement, valid acceptances of the Offer in respect of the 27,377,806 Brancote shares issued as consideration have been received by Meridian from the sellers of the minority interests in MED, representing approximately 24 per cent of the enlarged issued share capital of Brancote. The first closing date of the Offer is 3.00 p.m. on 26 June 2002. Meridian has filed a registration statement on Form F-4 with the SEC that includes the offer document/prospectus relating to the exchange offer. Brancote shareholders are urged to read the offer document/prospectus before they make any decision with respect to the exchange offer. Brancote shareholders and Meridian shareholders may obtain a free copy of the offer document/prospectus and other documents filed by Meridian with the SEC at the SEC's website at www.sec.gov. The offer document/prospectus and other documents may also be obtained for free upon written or oral request from Meridian, 9670 Gateway Drive, Suite 200, Reno, Nevada 89511-8953 USA, attention Heather Fatzer, telephone +1 775 850 3777. PRESS ENQUIRIES Meridian Tel: +1 775 850 3730 Wayne Hubert Standard Bank London Limited Tel: +44 20 7815 4311 Andrew King BMO Nesbitt Burns Inc. Tel: +1 416 359 6196 Egizio Bianchini Brancote Tel: +44 20 7495 5366 Richard Prickett Bill Humphries Brown, Shipley & Co. Limited Tel: +44 20 7606 9833 William Staple Holborn Tel: +44 20 7929 5599 David Bick The Offer is not being made, directly or indirectly, in or into Australia or Japan, or by the use of, the mails of or by any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce of, or of any facility of a national securities exchange of, Australia or Japan. Accordingly, copies of this announcement are not being, and must not be, mailed or otherwise distributed or sent in or into Australia or Japan. Standard Bank, which is regulated in the UK by the Financial Services Authority, is acting for Meridian and no one else in connection with the Offer and will not be responsible to anyone other than Meridian for providing the protections afforded to clients of Standard Bank nor for providing advice in relation to the Offer. Brown Shipley, which is regulated in the UK by the Financial Services Authority, is acting for Brancote and no one else in connection with the Offer and will not be responsible to anyone other than Brancote for providing the protections afforded to clients of Brown Shipley nor for providing advice in relation to the Offer. Not for release, publication or distribution in or into Australia or Japan -------------------------------------------------------------------------------- Contact: Meridian Gold Inc. Wayne M. Hubert, 800/572-4519 or 775/850-3777 Fax: 775/850-3733 wayne.hubert@meridiangold.com