CGCCGC released some news this afternoon. They sent a letter to CGC shareholders to urge them to vote for the Gammon deal.
Some highlights as to why they support the Gammon position are:
-Gammon deal has a cash portion to it.
-Gammon stock is more liquid
-Timmins would have to raise an additional $100 million = dillution
More reasons listed so you may want to read for yourself.
https://www.capitalgoldcorp.com/investor_relations/images/march-01-2011.pdf