04:06 PM EST - Premier Gold Mines Ltd. : said Tuesday that it has closed its previously announced acquisition of Saddle Gold Inc., which owns, among other things, the mineral rights in respect of a majority portion of the Saddle Gold Deposit and a 1.5% production royalty on the Emigrant Springs Deposit, both located in Elko County, Nevada. The aggregate purchase price paid by Premier for all of the outstanding securities of Saddle Gold was $24 million U.S., with Premier paying an aggregate of $3.1 million U.S. in cash and issuing an aggregate of 5,442,357 common shares, at a deemed price of $4.00 Canadian per share, to the stockholders of Saddle Gold. Premier Gold Mines Ltd.
shares T.PG are trading up $0.02 at $4.90.
