To: Handshake™ who wrote (11829 ) 4/29/1999 12:09:00 AM From: J. Nelson Read Replies (1) | Respond to of 25548
Handshake: This may be the final deal on "Argentina Golds Acquisition.' Wednesday April 28, 8:15 pm Eastern Time Company Press Release SOURCE: Homestake Mining Company Homestake Mining Company Completes Acquisition of Argentina Gold SAN FRANCISCO, April 28 /PRNewswire/ -- Homestake Mining Company (NYSE: HM - news) announced today it has completed the acquisition of Argentina Gold Corp. (Vancouver: ARP - news). Homestake intends to cause the Argentina Gold common shares to be de-listed from the Vancouver Stock Exchange. Under the terms of the acquisition, Argentina Gold shareholders will receive 0.545 shares of Homestake common stock for each share of Argentina Gold. Homestake will issue approximately 21 million additional shares to Argentina Gold shareholders. Homestake Mining Company is an international gold mining company with operations and exploration activities in the United States, Canada, Australia and Chile. The Company also has active exploration programs in Latin America and Eastern Europe. Homestake currently produces approximately 2.3 million ounces of gold annually from 16 operating mines. Shares of the Company's stock are listed on the New York Stock Exchange, the Toronto Stock Exchange, the Australian Stock Exchange and the Basel, Geneva and Zurich Stock Exchanges in Switzerland. Homestake began gold mining operations over 120 years ago, and is the oldest listed company on the New York Stock exchange still in its original business. It has received numerous industry awards for its responsible environmental health and safety management programs. For additional corporate information, please visit Homestake Mining Company on the Internet at homestake.com . SOURCE: Homestake Mining Company