November 2012 presentation - Argonaut Gold Inc.
November 2012 presentation - Argonaut Gold Inc.
November 2012 presentation - Argonaut Gold Inc.
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Prodigy Transaction Overview<br />
Offer Terms<br />
• 0.1042 of an <strong>Argonaut</strong> share and C$0.0001 cash for each Prodigy share<br />
• Friendly plan of arrangement<br />
• Pro forma ownership: 78% <strong>Argonaut</strong> / 22% Prodigy (1)<br />
Key Conditions<br />
• 66 ⅔ Prodigy shareholder approval<br />
• 50.1% <strong>Argonaut</strong> shareholder approval<br />
• Stock exchange and court approvals<br />
Other Terms<br />
Indicative Timeline<br />
• Unanimous <strong>Argonaut</strong> and Prodigy board approval<br />
• No solicitation and 5 business day right to match Superior Proposal<br />
• Termination fee of C$10.25 million payable under certain circumstances<br />
• Prodigy options and warrants roll at exchange ratio<br />
• Support agreements signed by Prodigy’s management and board<br />
• Prodigy to receive one Board seat on <strong>Argonaut</strong> Board<br />
• Mailing of Circular: <strong>November</strong> <strong>2012</strong><br />
• <strong>Argonaut</strong> and Prodigy shareholder votes: December <strong>2012</strong><br />
• Transaction close: December <strong>2012</strong><br />
1. Based on share capital as of June 30, <strong>2012</strong>, adjusted for subsequent events on a fully diluted in-the-money basis 18<br />
TSX:AR TSX:AR.WT<br />
<strong>Argonaut</strong><strong>Gold</strong>.com<br />
<strong>November</strong> <strong>2012</strong><br />
18
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