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Pershing Gold Corporation PGLC

"Pershing Gold Corp is a gold and precious metals exploration company. It pursues exploration, development and mining opportunities primarily in Nevada. The company focuses on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Relief Canyon properties are located about 100 miles northeast of Reno, Nevada. The company seek properties with known mineralization that are in an advanced stage of exploration and have previously undergone drilling but are under-e


NDAQ:PGLC - Post by User

Bullboard Posts
Post by sumosalaron Nov 18, 2011 3:51pm
211 Views
Post# 19249812

Email from SAGE

Email from SAGE

Received the following email from SAGE IR:

 

"Youare correct.  SAGE has announced an acquisition of CRGC on the basis of 4SAGE shares for every 5 CRGC shares held.  Yes, you are also correct thatthere is a discrepancy in the pricing at this point.  I think thetransaction is not well known by the public and perhaps some CRGC shareholdersare not gold investors (CRGC was a uranium company) but either way there is alarge price difference at this point."

++++++++++++++++++++++++++++++++

Jetsream,

Seems as if the share swap is legit and the way to play SAGE at the moment is to buy CRGC.

Sumo.  

Bullboard Posts