Capital Gold Urges Investors To OK $288M Deal

Law360, New York (March 15, 2011, 1:42 PM EDT) -- Capital Gold Corp. on Tuesday urged its investors to approve a $288 million merger with Canadian buyer Gammon Gold Inc. ahead of a Friday shareholder meeting, but another Canadian suitor, Timmins Gold Corp., sweetened its offer.

If the Gammon Gold deal goes through, stockholders of the New York-based target, a production and exploration company, would get .5209 shares of the Toronto-based suitor and 79 cents cash for every Capital Gold share they own.

On Monday Capital Gold told investors that two proxy research firms, ISS Proxy...
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