High River Gold Mines Ltd HRIVF

Nordgold May Allow Holders in Unit a Swap for Shar

[bart_dc]

Nord trading at 7.40 

would be interesting to see how many shares of HRG we have to give to receive one of Nord.

I would guess 3.5 HRG for 1 Nord Gold...
Anyone else have an opinion?

 

Curious about the opening today...

 

B

 

Nordgold May Allow Holders in Unit a Swap for Shares in Parent
2012-02-02 17:11:38.312 GMT


By Ilya Khrennikov
   Feb. 2 (Bloomberg) -- Nordgold NV, Russian billionaire
Alexey Mordashov’s gold miner, may offer minority shareholders
of its Toronto-listed subsidiary the chance to swap shares for
the parent company’s stock.
   Nordgold, which was spun off from steelmaker OAO Severstal
last month, doesn’t exclude offering minorities in its
subsidiary High River Gold Mines Ltd. the opportunity to swap
shares into Nordgold’s stock, spokesman Sergei Loktionov said by
telephone, citing remarks made by Chief Executive Officer
Nikolai Zelenski to reporters earlier today.
   This is one of the options being discussed under a plan to
boost trading volumes of Nordgold’s depositary receipts in
London, Loktionov said. There are no detailed talks or terms
yet, he added.