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Asanko Gold to Acquire PMI

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Asanko Gold (NYSE: AKG) and PMI Gold Corporation (OTC: PMVGF) are pleased to announce that they have entered into a definitive agreement whereby Asanko will acquire all of the common shares of PMI (the "Business Combination") to create an emerging mid-tier gold producer with a clear pathway to 400,000 ounces of annual gold production. A joint conference call and webcast hosted by Peter Breese and Peter Bradford will be held today at 4:00pm (EST) and 1:00pm (PST) (8:00am Wednesday in Sydney) to discuss this transaction. Call-in details are provided at the end of this release. Highlights:-- Combination of the neighbouring Esaase and Obotan gold projects in Ghana, West Africa, with a combined Resource base of 7.5 million ounces Measured & Indicated Resources and an additional 2.9 million ounces Inferred Resources, of which 4.8 million ounces are categorized as Proven and Probable Mineral Reserves (1,2,3,4&5) -- Pathway to approximately 400,000 ounces of annual gold production by 2017, creating a mid-tier gold producer

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Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

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