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Gold/Mining/Energy : Franco & Euro Nevada FN , EN -- Ignore unavailable to you. Want to Upgrade?

To: Traveling Man who wrote (408)	3/12/1999 4:50:00 PM
From: Bearcatbob	Read Replies (2) \| Respond to of 658

Euro-Nevada Mining Corporation - Euro-Nevada to purchase Golden Cycle Gold Corporation Euro-Nevada Mining Corporation EN Shares issued 96,874,512 1999-03-11 close $24.15 Friday Mar 12 1999 Mr. Pierre Lassonde reports Euro-Nevada's U.S. subsidiary, Euro-Nevada Mining Corporation, Inc., has accepted offers from a number of shareholders of Golden Cycle Gold Corporation, a Colorado company listed on the Pacific Stock Exchange, to sell its shares to Euro-Nevada Inc. or its nominee for $13.50 (U.S.) per share. The shares subject to the sale and purchase agreement comprise approximately 1.1 million or 54 per cent of the 2.06 million shares outstanding of Golden Cycle Gold Corporation on a fully diluted basis. The sale and purchase agreement provides Euro-Nevada will establish a Colorado subsidiary into which Golden Cycle Gold Corporation will be merged through a cash merger. The term of the cash merger shall be that the new Colorado subsidiary will pay $13.50 (U.S.) in cash consideration for every share of Golden Cycle Gold Corporation. Closing of the transaction is subject to satisfactory completion of due diligence and compliance with applicable regulatory requirements. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)