09:55 AM EST - X-Cal Resources Ltd. : said Paramount Gold and Silver Corp. has agreed to acquire X-Cal, in a transaction valued at about $31.8 million. Under the definitive agreement, eight X-Cal shares will be exchanged for one Paramount share. The transaction implies a purchase price of $0.18 per X-Cal share, representing a premium of 73% over closing market prices on the TSX as of June 21. X-Cal Resources Ltd.
shares T.XCL are trading up $0.03 at $0.18.
