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Friday, March 18, 2011

Capital Gold vote on Gammon offer moved to April 1, (CGC), (TSE: GAM), (TMM)

Capital Gold (CGC.A) has adjourned a shareholder vote on the Gammon Gold (GAM.TO) takeover offer to April 1, Chairman Steve Cooper said on Friday. The meeting is being adjourned "to allow shareholders time to explore the (revised) offer," Cooper told Reuters. Capital Gold's shareholders were scheduled to vote on the Gammon offer this Friday, but the company said on Thursday it would reschedule the meeting after Gammon revised its offer in light of a sweetened bid from rival Timmins Gold (TMM.V).

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