10:02 AM EST - Pilot Gold Inc. : and Cadillac Mining Corporation entered into an arrangement agreement pursuant to which Pilot Gold has agreed to acquire all the issued and outstanding shares of Cadillac by way of a court-approved plan of arrangement. Pursuant to the terms of the Agreement, Cadillac shareholders will receive 0.12195 of a Pilot Gold share and 0.12195 of a Pilot Gold share purchase warrant for each common share of Cadillac held. Each Pilot Warrant shall entitle the holder to acquire one Pilot Gold share at an exercise price of $2.00 for a period of two years from the closing of the Transaction. Pilot Gold Inc.
shares T.PLG are trading down $0.05 at $1.58.
