AYE 0.00% 4.0¢ avocet resources limited

.....aaaaaand the NEXT we see by the folg. PR- release....Avocet...

  1. 241 Posts.



    .....aaaaaand the NEXT we see by the folg. PR- release....



    Avocet Resources Limited (ASX: AYE) (“Avocet”) and Lion One Metals (TSX-V: LIO) (“Lion One”) are pleased to announce that they have executed a Merger Implementation
    Agreement (“MIA”) pursuant to which Lion One proposes to acquire all of the issued shares in Avocet by way of Scheme of Arrangement (“Scheme”).

    Under the proposed merger, Avocet shareholders will receive 1 Lion One share for every 9.5 Avocet shares they hold1. Based on the closing price of Lion One shares on 19
    December 2012, the merger implies an offer price of A$0.0721 per Avocet share2, representing a premium of 28.73% to the closing price of Avocet shares on 20 December
    2012, and a premium of 28.07% to the 60-day volume-weighted average price of Avocet shares for the period ending 20 December 2012.


    ........things got exciting earlier than I expected - looks
    for a HAPPPPPPY new year !!!

    cheers hbg55


 
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