VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/19/13 -- Keegan Resources Inc. ("Keegan" or "Company") (TSX: KGN)(NYSE MKT: KGN) announced yesterday that Keegan and PMI Gold Corporation have agreed by mutual written consent to terminate the definitive arrangement agreement (the "Arrangement") to combine their respective business by way of court-approved plan of arrangement.
PMI Gold and Keegan Resources jointly announced today that they have terminated the arrangement agreement they entered into on December 5, 2012 in accordance with its terms. This decision comes as a result of the mutual determination of PMI and Keegan that it is unlikely that PMI's shareholders will approve the transactions contemplated by the Arrangement Agreement. The termination of the Arrangement Agreement is not on [...]
PMI Gold and Keegan Resources jointly announced today that they have terminated the arrangement agreement they entered into on December 5, 2012 in accordance with its terms. This decision comes as a result of the mutual determination of PMI and Keegan that it is unlikely that PMI's shareholders will approve the transactions contemplated by the Arrangement Agreement. The termination of the Arrangement Agreement is not on [...]
PMI Gold and Keegan Resources announced today the filing of the Joint Management Information Circular with Canadian securities regulators, the ASX, and the U.S. Securities Exchange Commission in connection with their respective special meetings of Shareholders. On December 5, PMI and Keegan announced a merger of equals between the two companies to be effected by means of a plan of arrangement, to create a leading West [...]
PMI Gold and Keegan Resources are pleased to announce that further to the previously announced merger of equals between the two companies, an interim order of the Supreme Court of British Columbia has been obtained. The Interim Order provides for, among other things, the calling and the holding of a special meeting of shareholders of PMI to consider and approve the Arrangement. The granting of the Interim Order was a [...]
PMI Gold and Keegan Resources are pleased to announce that today they have entered into a definitive arrangement agreement to combine their respective businesses and to create a leading West African gold development company. A joint conference call hosted by Peter Breese and Collin Ellison will be held at 4:30 pm (EST) and 1:30 pm (PST) today (8:30 am Thursday in Sydney) to discuss this transaction. Call-in details are [...]
Keegan is pleased to announce that it has reached a complete and final out-of-court settlement of the litigation in which Keegan was named jointly with the Ghana Minerals Commission as a co-defendant in a lawsuit initiated by Sametro, a predecessor in title to the Esaase gold property. Sametro had alleged irregularities in the execution of a 2007 agreement by which Keegan obtained title to the Esaase concessions.
Keegan Resources is pleased to announce that it has filed a National Instrument 43-101 Technical Report for the updated resource estimate for the Esaase gold project located in Ghana, West Africa. The report was prepared by Minxcon (Pty) Ltd, an independent advisory company with extensive experience in preparing technical and economic advisors' and valuation reports for mining and exploration companies. The report was [...]
Keegan is pleased to announce that it has completed the acquisition of the Small Scale Mining Reserve located immediately on strike to the southwest of the Esaase main zone. The area was previously reserved by the Government of Ghana exclusively for small scale mining activity. The Company reached an Agreement in April 2012 with the Mpatoam Small Scale Mining Company under which it has exchanged a portion of its Jeni [...]
Keegan is pleased to announce that it has completed its previously announced non-brokered private placement for gross proceeds of CAD$32.5 million by issuing 9,443,500 units of the Company at a price of CAD$3.44 per Unit. The price of the Units were the five-day volume weighted average market price based on the date of signing of the principal subscription agreement with Highland Park. Each Unit consisted of one Common [...]
Keegan is pleased to announce the recruitment of three additional technical staff members in preparation for the development of Keegan's Esaase Gold Project in Ghana. On October 15, 2012 Keegan announced the appointments of Peter Breese as President and Chief Executive Officer and Tony Devlin as Chief Operating Officer of the Company. Keegan also advised that along with these appointments would come a multidisciplinary [...]
Keegan Resources is pleased to announce that an integrated metallurgical test work program on the new Esaase flowsheet has commenced at Amdel Mineral Laboratories, Perth, Western Australia. The results from this program are integral to the final metallurgical design input parameters that will be needed for the completion of the recently commenced Pre-Feasibility Study ("PFS"). The PFS is due for completion in the first [...]
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