Golconda Gold Ltd V.GG

Alternate Symbol(s): GGGOF

Metals & Mining Gold

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.

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Golconda Gold Ltd

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Post by treberty1on Oct 20, 2009 12:21pm

214 Views

Post# 16404067

13.25 cents per share is the offer!

The question is now; sell or get AMC shares...

"The consideration under the Offer is valued at $0.1325 and represents a79.5% premium to Shareholders using the 20-day volume weighted averageprices of both companies (Alexis: $0.4569, Garson: $0.0738) and a 41.9%premium using closing prices on October 19, 2009 (Alexis: $0.465,Garson: $0.095)."

Cheers!

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