09:30 AM EST - Detour Gold Corp. : has entered into an agreement with PDX Resources Inc., providing for the merger of the companies. PDX is Detour Gold's largest shareholder, and the 19 million common shares of Detour Gold that it holds represent an approximately 42% interest in Detour Gold. Pursuant to the transaction, each PDX share will be exchanged for 0.2571 of a common share of Detour Gold, representing a value of $2.12 per PDX share based upon the closing price of Detour Gold shares on the TSX on January 23, 2009. Detour Gold Corp.
shares T.DGC are trading even at $8.26.
