NEW YORK (Thomson Financial) - Atna Resources Ltd. Monday said it has agreed
to acquire Canyon Resources Corp. for $25.9 million.
Under the terms of the deal, Canyon shareholders will receive 0.32 common
shares of Atna for each share of Canyon. Based on Friday's closing prices for
both stocks, the deal is valued at 55 cents per Canyon share, which represents a
44.9% premium to Canyon's Friday closing price of 38 cents a share.
Shares of Atna closed at $30.70 on Friday.
Christie Rizk
cr/pc
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