12:05 PM EST - Rapier Gold Inc : Has entered into an arrangement agreement with GFG Resources Inc. pursuant to which GFG will acquire all of the issued and outstanding common shares of Rapier on the basis of 0.15 of a common share of GFG for each Rapier Share. The exchange ratio represents total consideration of $0.08 per Rapier Share based on the closing price of GFG on the TSX Venture Exchange on December 7, and a premium of approximately 48% based on the volume weighted average prices of GFG and Rapier for the 20-day period ending on December 7. Rapier Gold Inc
shares V.RPR are trading up $0.01 at $0.06.
