US Gold, Minera Andes Make Strides Toward Merger

Law360, New York (September 2, 2011, 2:17 PM EDT) -- Precious metal miners US Gold Corp. and Minera Andes Inc. said on Friday that they had reached a tentative agreement to merge in an all-stock transaction.

The boards of both companies have agreed in principle to a stock exchange ratio of 0.4 US Gold common shares per Minera Andes common share, according to a filing with the U.S. Securities and Exchange Commission. US Gold explores for gold and silver in Mexico and Nevada, while Minera Andes mines for gold, silver and copper in Argentina.

Rob McEwen,...
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