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GoGold announces successful acquisition of Animas

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GoGold Resources Inc.

On February 28, 2014, GoGold Resources Inc. (GoGold) successfully completed the acquisition of Animas Resources Ltd. (Animas) by way of take-over bid. GoGold now owns and controls 84% of the outstanding Animas shares and all Animas warrants, representing approximately 82.8% of the outstanding Animas shares. Holders of Animas shares received $0.07 in cash and 0.0851 of a common share of GoGold for each Animas share, for a deemed offer price of $0.15 for each Animas share based on the closing price of GoGold shares on December 27, 2013 (the "Offer Price"), and one GoGold share for each $0.94 of cumulative in-the-money value of Animas warrants, calculated using the Offer Price and rounded down to the nearest whole GoGold share. GoGold intends to proceed with a subsequent acquisition transaction to acquire the balance of the outstanding Animas securities. A Canadian based mineral resource company, GoGold Resources Inc. has active development and exploration properties in Mexico. GoGold was advised by Fasken Martineau with a team that included John Turner, Krisztian Toth, Jessica Catton and Jesse Bertollo.


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