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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (18497)	8/17/2006 1:01:06 AM
From: siempre33	Read Replies (2) \| Respond to of 78410

some detail on Yamana's takeover of Viceroy.... Yamana to Acquire Viceroy Solidifying its Position as Leading Intermediate Gold Producer 2006-08-16 23:10 ET - News Release Also News Release (U-XVE) VICEROY EXPLORATION LTD TORONTO, ONTARIO -- (MARKET WIRE) -- 08/16/06 Yamana Gold Inc. (Yamana) (TSX: YRI)(AMEX: AUY)(AIM: YAU) and Viceroy Exploration Ltd. (Viceroy) (TSX: VYE)(AMEX: XVE) today announced that Yamana has agreed to make a take-over bid to acquire all of the outstanding common shares of Viceroy in exchange for Yamana common shares. Yamana has agreed to offer Viceroy shareholders 0.97 of a Yamana common share for each Viceroy common share held. Based on today's respective TSX closing prices of C$11.20 for Yamana and C$8.65 for Viceroy, the transaction value is C$10.86 per Viceroy common share, representing a premium of 25.5%. Based on the 20-Day volume-weighted average of Yamana's share price, the transaction value is C$11.19 per Viceroy common share, representing a premium of 27.0% over the 20-Day volume-weighted average price of Viceroy's common shares.