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GoGold Resources completes acquisition of Absolute Gold Holdings for US$78 million

Fasken
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GoGold Resources Inc.

On July 30, 2012, GoGold Resources Inc. (GoGold) completed its acquisition (Acquisition) of all of the issued and outstanding securities of Absolute Gold Holdings Incorporated (Absolute) pursuant to a court approved plan of arrangement (Arrangement). As consideration for the Acquisition, GoGold issued 67,230,000 common shares and 12,150,000 common share purchase warrants to Absolute. The transaction is valued at $78,081,600. Pursuant to the Arrangement, each shareholder of Absolute received 0.81 common shares of GoGold for each common share of Absolute held. In addition, warrant holders of Absolute received 0.81 common share purchase warrants of GoGold for each common share purchase warrant of Absolute held. Fasken Martineau acted as co-counsel to GoGold, with a team that included John Turner, Gregory Ho Yuen, Francesco Tallarico and Will Shaw (securities).

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