03:19 PM EST - Bolero Resources Corp. : said that it intends to make a share-exchange takeover bid to acquire all of the outstanding common shares of Gryphon Gold Corp. at an implied offer price of about $0.25 per share in a transaction valued at about $18 million. Under the proposed offer, Gryphon Gold common shareholders would be entitled to receive one Bolero common share for every two Gryphon Gold common shares held. Bolero Resources Corp.
shares V.BRU are trading even at $0.50.
