11:36 AM EST - Solitario Exploration & Royalty Corp. : said that it has entered into an definitive arrangement agreement to acquire Metallic Ventures Gold Inc. Under the plan of arrangement, each common share of Metallic Ventures not owned by Solitario will be exchanged for (i) a cash payment in the amount of $0.298 U.S. and (ii) 0.326976 of a common share of Solitario, with an aggregate maximum cash consideration of $15.5 million U.S. and an aggregate maximum of 17 million Solitario shares. Based on the August 21, 2009 closing price of the Solitario shares on the NYSE Amex of $2.00 and the 20-day volume weighted average price for Solitario's shares on the NYSE Amex of $2.13 as compared to the August 21, 2009 closing price of the Metallic Ventures shares on the TSX of $0.60 and the 20-day volume weighted average price for Metallic Ventures shares on the TSX of $0.61 the consideration received by Metallic Ventures shareholders represents a 62.9% premium to the closing price and a 68.2% premium to the 20-day volume weighted average price for the Metallic Ventures shares. Solitario Exploration & Royalty Corp.
shares T.SLR are trading down $0.02 at $1.97.
